House adjourns until Thursday as GOP remains unable to elect speaker
The U.S. House of Representatives voted on Wednesday night to adjourn until 12:30 p.m. Eastern on Thursday, with the move coming as lawmakers have been unable to elect a new speaker for a second day in a row.
McCarthy can handle no more than four GOP defections given his party’s 222-212 majority, but more than that number have repeatedly opposed the California congressman. “If the House deadlock continues for weeks — or longer — the markets may have to worry about fiscal policy uncertainty,” said Greg Valliere, chief U.S. policy strategist at AGF Investments, in a note.
“DO NOT TURN A GREAT TRIUMPH INTO A GIANT & EMBARRASSING DEFEAT. IT’S TIME TO CELEBRATE, YOU DESERVE IT. Kevin McCarthy will do a good job, and maybe even a GREAT JOB — JUST WATCH!”
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