By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Investing > Republicans Nominate Jim Jordan for House Speaker
Investing

Republicans Nominate Jim Jordan for House Speaker

News Room
Last updated: 2023/10/14 at 11:37 PM
By News Room
Share
2 Min Read
SHARE

Republicans chose Rep. Jim Jordan as their new nominee for House speaker on Friday, picking a staunch conservative who was backed by former President Donald Trump.

Jordan managed to turn back a surprise challenge from Rep. Austin Scott

(R., Ga.) to get one step closer to the speakership.

Jordan (R., Ohio) is co-founder of the House Freedom Caucus and is chairman of the Judiciary Committee. He was opposed by more moderate members of the party.

Scott is an ally of former Speaker Kevin McCarthy and serves on the Intelligence, Armed Services, and Agriculture committees.

House Republicans had a candidate forum Friday afternoon before they chose Jordan. Now, the Ohioan must win a majority of the full House.

The math for electing a speaker is tight because there are bitter divisions among Republicans, who command a narrow 221-212 majority in the chamber. Democrats support their own candidate, Minority Leader Hakeem Jeffries of New York.

The House has been without a speaker for more than a week. McCarthy (R., Calif.) was ousted after agreeing to a deal with Democrats that kept the government running.

Steve Scalise of Louisiana, the majority leader, won the conference’s nomination earlier this week but then struggled to nail down wider support to be sure of winning the role. He then dropped out of the race.

Without a speaker, the House can’t bring bills to a vote. The deadline for approving more government spending is mid-November or the government will shut down. Motions regarding Israel and Ukraine could be even more urgent.

The power vacuum could also become detrimental for government bonds if investors decide the U.S. can’t reliably and predictably resolve disagreements over budgets and spending.

Write to Brian Swint at [email protected]

Read the full article here

News Room October 14, 2023 October 14, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
SoftBank strikes $4bn AI data centre deal with DigitalBridge

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Former Intel CEO explains why the Trump administration is taking a stake in his chip startup

Watch full video on YouTube

Waymo Leads The 2025 Robotaxi Surge As Zoox Expands And Tesla Races To Catch Up

Watch full video on YouTube

Allspring Income Plus Fund Q3 2025 Commentary (Mutual Fund:WSINX)

Allspring is a company committed to thoughtful investing, purposeful planning, and the…

Pope Leo’s pick to lead New York Catholics signals shift away from Maga

As archbishop of New York for the past 16 years, Cardinal Timothy…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Nursing Home Stocks Could Suffer from this Medicaid Spending Remedy

By News Room
Investing

Bitcoin Drops Below $90,000 Again. What Could Move It Next.

By News Room
Investing

These Stocks Are Moving the Most Today: Marvell, Nvidia, Broadcom, GM, Tesla, MongoDB, Burlington, and More

By News Room
Investing

Nvidia Stock Falls as Marvell Earnings Compound AI Gloom. The Rising Risks for Chips.

By News Room
Investing

This analyst says Tesla deliveries will be 16% below expectations. Musk is part of the problem.

By News Room
Investing

BP CEO was awarded no bonus pay from oil giant’s financial performance

By News Room
Investing

Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

By News Room
Investing

GE Vernova Stock Rises as Analyst Flips to Upgrade After Rating Cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?