Charles and David Koch, the reticent billionaires who bankroll Republican causes and candidates, have distanced themselves from their favoured party's financial brinkmanship as corporate America reacts with growing horror to the imminent prospect of a US debt default.
Money from Koch sources has supported many conservatives in Congress who have led the charge to shut down the government and breach an imminent debt limit if Barack Obama does not abandon his healthcare reforms.
But the brothers' privately held chemical conglomerate, Koch Industries, issued a rare public statement on Wednesday to deny allegations that the pair supported the high-risk strategy, and urged Congress to focus instead on balancing the budget.
Finance leaders have for some time been wary of the increasingly radical Republican tactics , which a Wall Street Journal editorial described as kamikaze, but the growing anxiety among mainstream corporate America and party donors such as Koch may prove to be what forces the party leadership to rethink.
Koch brothers claim no involvement in efforts to defund healthcare reforms | World news | theguardian.com
Money from Koch sources has supported many conservatives in Congress who have led the charge to shut down the government and breach an imminent debt limit if Barack Obama does not abandon his healthcare reforms.
But the brothers' privately held chemical conglomerate, Koch Industries, issued a rare public statement on Wednesday to deny allegations that the pair supported the high-risk strategy, and urged Congress to focus instead on balancing the budget.
Finance leaders have for some time been wary of the increasingly radical Republican tactics , which a Wall Street Journal editorial described as kamikaze, but the growing anxiety among mainstream corporate America and party donors such as Koch may prove to be what forces the party leadership to rethink.
Koch brothers claim no involvement in efforts to defund healthcare reforms | World news | theguardian.com