Rep. Kevin McCarthy (R-Calif. 20th District) gained some momentum on Friday afternoon in his bid to become the House speaker, flipping more than a dozen votes in his favor.
Still, McCarthy was defeated again in his 13th attempt to win the position, despite the positive sign for him as 15 Republicans who were refusing to back him changed their minds.
McCarthy remained several votes short of the simple majority he needed to secure the position.
Following his defeat in 13 rounds of voting, the most in more than a century, McCarthy expressed confidence that he would be able to get the win by Friday evening, telling reporters he “has the votes.”
The House voted to adjourn until 10 p.m. ET Friday evening as McCarthy and his allies continue to work to secure the speakership.
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
President Donald Trump wants the world to know he’s no “chicken” just because he’s repeatedly backed off high tariff threats.
Wall Street is rallying after President Donald Trump delayed a 50% tariff on goods coming from the European Union.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
U.S. stocks are falling after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week.
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package.
President Donald Trump has implored House Republicans on Capitol Hill to drop their fights over his budget.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Senate Democrats have blocked legislation to regulate a form of cryptocurrency after arguing that the bill needed stronger protections.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
