Fri Oct 4, 2013 AT 6:00 AM EDT
Speaker John Boehner has told Republicans colleagues that he will not allow a debt default by the federal government, and is willing to waive the so-called Hastert Rule, to ensure the federal governments pays its debts on time, reports the New York Times. The Treasury Department warned a debt default could be worse than the ‘Great Recession,’ reports CNBC. Meanwhile, House Republicans are bracing for a long fight over the government shutdown, according to the Wall Street Journal. And Politico reports that the ObamaCare conflict in the government shutdown has obscured a huge Republican victory on spending at sequester levels the underlying “clean” CR that Democrats insist Republicans pass to fund the government.