A monitor in Statuary Hall displays House Republican Leader Kevin McCarthy, R-Calif., as he sits in the chamber at the start of a tenth ballot to elect a speaker of the House, at the Capitol in Washington, Thursday, Jan. 5, 2023. (AP Photo/J. Scott Applewhite)
Capitol Hill faced another day of votes for the next House speaker as Kevin McCarthy failed to gain support in the seventh, eighth, ninth, tenth, and eleventh rounds of voting.
Each of the Republican leader's attempts to win the speakership failed with 20 Republicans refusing to back him and another voting Present, even after the he made several concessions Wednesday evening.
McCarthy agreed to a rules change that would allow just one member to call for a vote to oust the speaker, a major concession that many defectors had asked for and initially something McCarthy had strongly opposed. He also agreed to allow more members of the Freedom Caucus to serve on the powerful House Rules committee.
The seventh and eight votes showed the reluctance of some defectors to ever support McCarthy as speaker.
“You never have to ask me again if I’m a no on Kevin McCarthy, I will never vote for Kevin McCarthy,” Rep. Bob Good, a consistent voter against McCarthy, told reporters Thursday morning. McCarthy can only afford to lose the support of four Republicans, given the slim majority they have.
But even after eight defeats, McCarthy has shown no signs of giving up the bid, in part not wanting to set a precedent that such a small faction of the party can have so much control.
The California Republican told reporters Thursday he was “confident” they would get to a solution and that lawmakers were having “good discussions,” but would not predict when he would have the votes by.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Real estate software company RealPage has agreed to stop sharing nonpublic information between landlords as part of a settlement with the Department of Justice.
A legislative package to end the government shutdown appears on track. A handful of Senate Democrats joined with Republicans to advance the bill after what's become a deepening disruption of federal programs and services. But hurdles remain. Senators are hopeful they can pass the package as soon as Monday and send it to the House. What’s in and out of the bipartisan deal has drawn criticism and leaves few senators fully satisfied. The legislation includes funding for SNAP food aid and other programs while ensuring backpay for furloughed federal workers. But it fails to fund expiring health care subsidies Democrats have been fighting for, pushing that debate off for a vote next month.
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
