Rep. Kevin McCarthy, R-Calif., listens to votes being cast in the House chamber as the House meets for a second day to elect a speaker and convene the 118th Congress in Washington, Wednesday, Jan. 4, 2023. (AP Photo/Alex Brandon)
Rep. Kevin McCarthy failed to secure the House speakership position again early Wednesday afternoon, losing in a series of votes.
In order to become the next House speaker, McCarthy needs to win a simple majority of votes, or 218 if all 435 members vote. McCarthy failed to reach a majority in the first three rounds of votes Tuesday, marking a historic defeat. It was the first time in 100 years that a nominee failed to win the gavel on the first round of votes.
McCarthy headed down a similar path Wednesday afternoon, coming up short again in the fourth and fifth round of votes.
The problem for McCarthy is a group of far-right Republicans who are refusing to back him, even after McCarthy made concessions to appease them. Still, McCarthy has shown no signs of giving up his bid.
“We’re not that far away,” McCarthy told reporters last night. “We only need 11 more votes to win.”
Rep. Lauren Boebert (R-Colo. 3rd District) called on former President Donald Trump to tell McCarthy, "Sir, you do not have the votes and it’s time to withdraw." Trump had earlier voiced his full support for the embattled nominee.
Voting will continue until a lawmaker receives a simple majority. Either McCarthy will be able to convince enough Republicans to support him, or to not vote for anyone and lower the threshold to reach a majority, or an alternate candidate will emerge. Until then, the House can’t swear in lawmakers, establish rules for the next two years, or pass new legislation. It remains unclear how long the process could take.
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.
