Week ahead: Republicans scramble to avert shutdown

Lawmakers will move to pass legislation to keep the government funded with little time left before an Oct. 1 deadline.

The odds of a shutdown have dropped after Speaker John Boehner (R-Ohio) stunned Washington on Friday by announcing he would resign from Congress in October.

A fight over Planned Parenthood has held up Congress, with many conservatives vowing to reject any bill that included funding for the group after the release of controversial videos purportedly document its fetal tissue program. Some conservatives had also threatened to try and oust Boehner over the fight.

{mosads}But a bill funding the government and blocking money for Planned Parenthood failed to advance in the Senate, and now the House and the Senate are slated to vote on short-term spending bills that include money for Planned Parenthood.

Looming over the votes is Boehner’s impending exit and a host of future fights over raising the debt limit and the fate of the Export-Import Bank.

Republicans will also be jockeying to find Boehner’s successor, with House Majority Leader Kevin McCarthy (R-Calif.) the favorite so far.

House Financial Services Chairman Jeb Hensarling (R-Texas) is weighing a challenge, with a decision expected soon.

Elsewhere on Capitol Hill, the House Financial Services Committee will hold a hearing on Tuesday during which Consumer Financial Protection Bureau Director Richard Cordray will testify.

Also on Tuesday, the House Financial Services subcommittee on Housing and Insurance will have a hearing titled “The Impact of Domestic Regulatory Standards on the U.S. Insurance Market.” The hearing looks to examine the complex structure of state and federal regulations.

On Thursday, Senate Banking Committee Chairman Richard Shelby (R-Ala.) will convene a full-panel markup on the American Crude Oil Export Equality Act.

On Wednesday, the Banking panel’s Subcommittee on Securities, Insurance and Investment will have a hearing titled “Oversight of the Securities Investor Protection Corporation.”

Expect lawmakers to debate whether to reauthorize the Export-Import Bank, especially now with Boehner on his way out. Supporters of the bank argue it sustains jobs but are losing a key ally in the Speaker.

Recent stories:

— Boehner resigning as Speaker, by Scott Wong and Ian Swanson: http://bit.ly/1iAEJKC

— Boehner explains decision to step down, by Cristina Marcos: http://bit.ly/1MuVVLJ

— Starting gun fired in GOP leadership race, via Scott: http://bit.ly/1LDulxl

— Economy grew at 3.9 percent in spring, via Bernie Becker: http://bit.ly/1KzUqLI

— Dems rise against Obama’s financial adviser regs, via me: http://bit.ly/1KzUD1k

— McConnell tees up vote on bill to avoid shutdown, via Jordain Carney: http://bit.ly/1R6tzt0