Kevin Maccarthy News

Republican Kevin McCarthy became the first U.S. House Speaker to be removed from office Tuesday thanks to a handful of rebellious party members.

Rating agency Fitch, which downgraded the U.S. top credit rating in August, cautioned about a possible government shutdown after U.S.

House Republicans may have shot themselves in the foot this week with the historic ouster of Speaker Kevin McCarthy but that doesn’t mean they’ll be taking their aim off the SEC.

By David Morgan, Moira Warburton and Makini Brice

WASHINGTON—A Republican Party still reeling from the sudden ouster of Kevin McCarthy is now rushing to find a new leader that could unite a fractured conference and be elected speaker as soon as next week. After a chaotic day of voting toppled McCarthy, Speaker Pro Tempore Patrick McHenry (R., N.C.)—running the House temporarily—closed the chamber to give colleagues time to find their next leader. He said Republican hopefuls would make their pitch next Tuesday with the goal of a vote the following Wednesday.

Investing.com -- U.S. stock futures edged broadly lower on Wednesday following a day of losses on Wall Street that dragged the Dow into negative territory for the year. U.S. 10-year Treasury yields, meanwhile, continue to climb, adding to a recent surge that has challenged equities and hit a range of global currencies. Elsewhere, Kevin McCarthy is ousted as House Speaker, leaving the lower chamber of the U.S. Congress leaderless with a November government funding deadline looming.

Crypto-friendly congressman Patrick McHenry has temporarily assumed the role of US House Speaker after Kevin McCarthy was ousted by Congress. 

United States Representative and crypto-friendly lawmaker Patrick McHenry has been appointed as interim House Speaker after the high-profile ousting of U.S. House speaker Kevin McCarthy.

Kevin McCarthy has left the chamber in a state of paralysis until a new speaker is found. That raises the chances of a US government shutdown next month and a delay in further Ukraine assistance. Here are the next steps the House faces: Patrick McHenry, Republican of North Carolina, is now the speaker pro-tem.

Kevin McCarthy, as party infighting plunged Congress into further chaos just days after it narrowly averted a government shutdown. The 216-to-210 vote marked the first time in history that the House removed its leader, with eight Republicans voting with 208 Democrats to remove McCarthy. McCarthy told reporters he would not make another run for speaker. «I fought for what I believe in,» McCarthy said.

Matt Gaetz, a hard-right Republican hailing from Florida, led the removal of House Speaker Kevin McCarthy through a historic single-page resolution. Gaetz's move, backed by a handful of conservative allies, toppled McCarthy by a narrow vote of 216-210.

Invesitng.com — The House voted Tuesday to oust Kevin McCarthy from his position as speaker — an historic outcome that hasn't ever been seen in Congress. 

By David Morgan and Doina Chiacu

AFP reported. Lowell had also asked Judge Christopher Burke to allow Biden, who lives in California, to appear by video instead of in person but the request was denied. "The defendant should not receive any special treatment in this matter," Burke wrote in his ruling.

Wall Street's main indexes opened lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

stopgap government funding bill that drew more support from Democrats than Republicans, he said on Saturday. Speaking to multiple US media outlets, Harline Republican Representative Matt Gaetz said he could file a “motion to vacate", a call for a vote to remove McCarthy as speaker of the House of Representatives, which his party controls by a narrow 221-212 margin. “I'll survive.

The White House has pinned the blame for a possible government shutdown on House Republicans who, until Saturday, had been paralyzed by their inability to pass a funding package

The threat of a federal government shutdown ended late Saturday night after Congress approved a temporary funding bill to keep federal agencies open until Nov. 17

By David Morgan

WASHINGTON (Reuters) — Republican U.S. House of Representatives Speaker Kevin McCarthy faces an attempt by members of his own party to oust him because he passed a stopgap funding measure with Democratic support to avoid a government shutdown.

US aid for Ukraine hangs in the balance after a last-gasp deal to avoid a government shutdown, despite President Joe Biden's attempts to reassure Kyiv it will get what it needs to fight Russia. Barely a week after President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans. Biden and his Democratic party say America has a duty to help Ukraine stand up to Russian President Vladimir Putin's brutal invasion, warning that a failure to do so could embolden other autocrats in the future. But the issue has become so politicized in Washington that the fate of vital military aid is now in jeopardy, just as Kyiv tries to make progress in its sluggish counteroffensive before winter sets in. Biden urged Republican House Speaker Kevin McCarthy on Sunday to «stop the games» and said he «fully expects» him to secure passage of a separate bill for Ukraine funding soon. «I want to assure our American allies, the American people and the people in Ukraine that you can count on our support.