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Washington Examiner's Ferrechio: Shutdown Compromise Dependent on Markets

Tuesday, 01 Oct 2013 04:45 PM

By Bill Hoffmann

The next move by Republican lawmakers on the government shutdown may depend on the stock market, according to Susan Ferrechio, chief congressional correspondent for The Washington Examiner.

"Here we are, day one of this shutdown [and] the stock market is holding steady," Ferrechio told "The Steve Malzberg Show" on Newsmax TV.

"The Democrats think that it will change in the coming days … That will influence how big this moderate faction gets and what the pushback is like," she told Malzberg.

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Ferrechio said she is not sure how influential Rep. Pete King of New York — who wants GOP lawmakers to end the shutdown without Obamacare concessions for now — will be in persuading others.

"I don't know how much traction Pete King's group is going to get. They got a handful of folks last night to vote with them," she said.

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