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.
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.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
