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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessEarliest Possible Speaker Vote: 15:00 ET Wednesday
The US House of Representatives is now formally out of session until 15:00 ET 20:00 BST on Wednesday - which is now confirmed as the earliest possible time the House can hold a floor vote for the next speaker.
- GOP candidate Steve Scalise (R-LA) told Fox Business: "We need to get a Speaker. I've been having those conversations in detail. [Follow candidate Rep] Jim Jordan [R-OH] and I are the two running. We talked about this last night. We had probably about a two hour meeting with our members and it was a really good, healthy discussion."
- Scalise: "I know how to do it quickly. On day one, I can be stepping into this role, getting this job done. Getting our agenda back on track. And that's where members want to go. That's why we continue to grow our majority... Congress is not functioning without a Speaker. We need to get it done. We need to get it done Wednesday."
- Jordan and Scalise will formally petition for their candidacy at a GOP conference meeting today at 17:00 ET 22:00 BST.
- As it stands, neither candidate has close to the requisite 217 votes required to secure the gavel making a successful speaker vote on Wednesday unlikely. The conference remains deeply divided with an unclear pathway to resolve the ideological schisms which led the power imbalance in the House, and former House Speaker Kevin McCarthy’s (R-CA) ouster.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.