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Search resuls for: "Republican Freedom Caucus"


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NEW YORK, May 31 (Reuters) - The cost of insuring exposure to a U.S. debt default rose on Wednesday, with investors focused on a debt ceiling vote in the House of Representatives later in the day. The U.S. one-year credit default swap (CDS) - a market-based gauge of the risk of default - climbed to 76 basis points (bps) from 56 bps late on Tuesday, data from S&P Global Market Intelligence showed. U.S. five-year CDS also edged up to 43 bps versus 42 bps the previous session. The House Rules Committee late on Tuesday, in the first procedural vote on the legislation, cleared the measure for debate in the full House on Wednesday. Speaker Kevin McCarthy predicted that the evening vote would succeed, telling reporters, "It's going to become law."
Persons: Kevin McCarthy, Karl Schamotta, Schamotta, Gertrude Chavez, Dreyfuss, Will Dunham Organizations: YORK, U.S, P Global Market Intelligence, Republicans, Republican Freedom Caucus, Democratic Party, Thomson Locations: U.S, Toronto
Marjorie Taylor Greene backed Kevin McCarthy's bid for House Speaker. MyPillow CEO Mike Lindell said Greene broke her promise by doing so. "I'm very surprised that the one — I won't name her name but it's Marjorie Taylor Greene — broke her promise," Lindell said on the far-right Be Reasonable podcast on Thursday. "And that includes Marjorie Taylor Greene." Lawmakers in the US House of Representatives went through a historic 15 rounds of voting to elect McCarthy to the House speaker position.
Marjorie Taylor Greene vented over Kevin McCarthy's ailing campaign to be elected House speaker. McCarthy's bid has exposed divisions between former close allies in the Republican Party. Marjorie Taylor Greene🇺🇸 (@RepMTG) January 3, 2023"Do you know why I'm upset? The battle over the House speaker position has, in recent days, turned usually adamant allies on the GOP hard right against each other. While Greene has backed McCarthy's bid, other prominent members of the faction, including Rep. Matt Gaetz of Florida and Rep. Lauren Boebert of Colorado, have opposed it.
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