McCarthy's Speaker Defeat Raises Fears of Shutdown and Market Turmoil
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McCarthy's ouster as Speaker raises shutdown fears and market turmoil as Congress faces funding deadline.
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Markets already rattled by rising yields, oil volatility amid recession worries and Fed's inflation fight.
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Government shutdown could further sink consumer confidence, disrupt economic data Fed relies on.
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No guarantee new Speaker will be elected before Nov. 17 funding deadline, risking shutdown.
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Rep. McHenry to serve as Speaker pro tempore for now, but uncertainty persists on funding deal.