House Speaker Paul Ryan (R-WI) announced Wednesday he would not seek re-election in November, signaling that Republicans may have a more difficult time maintaining their Congressional majority through the midterm elections. Ryan’s decision took his Republican colleagues and Democratic opponents by surprise, though he reminded reporters Wednesday he agreed to take up the Speaker’s job in 2015 “reluctantly.” “I have given this job everything I have,” he said, according to the Associated Press. “We’re going to have a great record to run on.” Ryan said he decided not to run again to spend more time with his three teenage children, who live in the same Wisconsin town in which Ryan grew up. He will serve until the end of his term, in January. His decision not to seek reelection will likely ignite the campaign for his Wisconsin seat and could swell the wave of Republican lawmakers deciding not to run, said Rep. Ruben Gallego (D-AZ). “When the captain of the football team quits the game halfway through, gives you a good indication of how the rest of the game is going to go,” Gallego told Cheddar. “He knows he’s going to be a minority leader next year.” “I think Republicans should really be worried about the tsunami that’s coming,” Gallego added. After Ryan’s announcement, Rep. Dennis Ross (R-FL) announced he would retire after eight terms in the House. More than 40 Republicans have announced that they won’t run in 2018, either because they’re retiring or seeking other office. Democrats need 24 seats to take back control of the House for the first time since 2011. Republicans’ chances of maintaining their majority have been hurt by growing voter dissatisfaction and President Trump’s low approval ratings -- around 40 percent in recent polls. Gallego, who represents Arizona’s 7th district, criticized Trump’s policies, especially his proposed border wall. Funding for the wall was excluded from the recent $1.3 billion bipartisan spending bill the president signed, frustrating Trump. Instead, he suggested sending up to 4,000 National Guard troops to the southern border with Mexico, though they will not have the authority to make arrests or “perform law enforcement duties.” The governors of California, Texas, New Mexico, and Arizona have all agreed to send the National Guard. Gallego criticized the president, saying he was using the National Guard as “a prop” in a political debate. “There is no emergency,” Gallego said. “There’s no reason you call up the National Guard and call it a crisis, just so you can boost up your poll numbers.” Last December, the arrests of illegal immigrants trying to cross into the U.S. dipped to the lowest level since 1971. For the full interview, [click here.](https://cheddar.com/videos/why-rep-ruben-gallego-says-the-game-isnt-going-to-end-well-for-republicans-this-november)

Share:
More In Politics
SAFE Banking Act to Help Legal Cannabis Operators Still Faces Senate Obstacles
Cheddar's Chloe Aiello joined "Closing Bell" to break down the progress of the SAFE Banking Act in Congress as cannabis businesses operators struggle to find financial institutions that will service them. Banks face steep federal penalties, including the risk of losing a bank charter, if found to be servicing marijuana businesses even if their state has legalized operations. Aiello reported that while there was some bipartisan support for the measure in the Senate, the bill faces some opposition from conservatives with "longstanding concerns" about cannabis and progressives who prefer a more comprehensive approach to reform.
DiDi Delisting Could Signal Forced Decoupling of China-U.S. in Financial Markets
Chinese regulators are reportedly behind China-based ride-hailing company DiDi exiting from the New York Stock Exchange, just days after listing earlier this year. The regulators stated prior that DiDi had not received the necessary clearances to list in the states. Gordon Chang, Asian affairs expert, joined Cheddar to break down what the delisting says about the relationship between nations. "This really strikes me as an attempt to really to force a decoupling of China and the U.S. in the financial markets," Chang said.
Futures Point to Higher Open Despite Jobs Miss, Omicron Spread
U.S. Futures were pointing to a higher open to round out the week despite a miss on the November Jobs Report, which showed slower job growth than expected-- and as the omicron variant continues to spread across the country. Patrick Healey, Founder & President at Caliber Financial Partners joined Cheddar's Opening Bell to discuss.
World Starts Talks On Global Pandemic Plan
Just days after the detection of the Omicron variant, the World Health Organization has agreed to start the process of establishing a global pandemic treaty or accord. Amy Maxmen, senior reporter for Nature, and Dr. Samuel Scarpino, managing director for the Rockefeller Foundation's Pandemic Prevention Institute, joined Cheddar to discuss this effort and what lessons can be learned from the many COVID-19 failures as the world prepares for future pandemics.
U.S. Adds Disappointing 210,000 New Jobs In November
It's a mixed bag for the November jobs report. Hiring slowed last month as employers only added 210,000 jobs, massively missing the estimate of 550,000. But there was one bright spot: the unemployment rate fell to 4.2%, with the number of unemployed people dropping to 6.9 million. Both of those numbers are considerably down from their highs at the end of the 2020 recession. Heather Boushey, a member of President Biden's Council of Economic Advisers, joined Cheddar to discuss the report and the state of the country's ongoing economic recovery.
Load More