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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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McCarthy To Hold Vote On 'Motion To Vacate' Today
Congressional reporters have reported that House Speaker Kevin McCarthy (R-CA) has told his conference that he plans to bring Rep Matt Gaetz's 'motion to vacate' in front of the House of Representatives at around midday today, eastern time.
- McCarthy said to the conference: "We've expanded the party and only won and I'm proud of what we've done. It's an honor to go into battle with you."
- The first stage of the petition is a vote to table the motion. If a majority of House Reps support tabling the motion, Gaetz's resolution is defeated.
- If the motion proceeds to a full vote, McCarthy will require a simple majority of voting members. This vote will be unpredictable and depend on a rapidly changing vote calculus.
- If all reps vote, McCarthy can only stand to lose five votes. That is approximately the number of "hard noes" which Gaetz claims support his bid.
- McCarthy told his caucus, consistent with an interview with CNBC this morning, that he won't do a deal with Democrats to save his job. McCarthy's comments suggest that his pathway to retaining the gavel is convincing hardline GOP reps to back his leadership.
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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.