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Free AccessMcCarthy's Pathway To Speaker's Gavel Not Straightforward
House Minority Leader Kevin McCarthy (R-CA), the GOP nominee to become Speaker of the House of Representatives when Republicans take the House in January, is facing an increasingly complicated path to gaining the requisite 218 votes to take the gavel from outgoing Speaker Nancy Pelosi (D-CA).
- McCarthy is reportedly facing dissent from both moderate and rightwing members of the Republican caucus.
- Politico: "We’re already hearing from a host of moderate House Republicans who won in Biden districts who are dreading the prospect of overly aggressive probes. It’s not what they ran on this election cycle — and certainly not what they want to be talking about after spending their campaigns focused on the economy."
- Tara Palmeri at Puck News says that Republican reps believe, "there’s a 50 percent chance that McCarthy becomes Speaker, but those odds seem to be dropping every day."
- Due to the razor thin majority in the House, McCarthy can only afford to drop four votes and maintain support to win leadership.
- Four members of the right-wing Freedom Caucus, Matt Gaetz (R-FL), Andy Biggs (R-AZ), Bob Good (R-VA), and Matt Rosendale (R-MO) are on record as "hard noes."
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.