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Morning Bid: To 5% and beyond, bond yields soar
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +5 min
The company earnings picture, meantime, was mixed to sour over the past 24 hours in both the U.S. and Europe. Despite decent demand at a typically awkward 20-year bond auction on Wednesday, yields continued to spiral higher overnight and ahead of Fed Chair Jerome Powell's key speech later on Thursday. The upshot of all factors has seen Treasury yields climb ever higher through the night - with two-year and 20-year yields , now both above 5.25%, the latter at a record high and the former the highest since 2006. Ten and five-year tenors also saw yields soar to within a hair's breadth of 5% early on Thursday too. The ructions in the bond market and incoming earnings saw Wall St indexes (.SPX), (.NDX) hit their lowest in 10 days on Wednesday and futures were in the red again ahead of the open today.
Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Republican Jim Jordan, Blackstone, Philip Morris, Jerome Powell, Philip Jefferson, Michael Barr, Lorie Logan, Austan Goolsbee, Raphael Bostic, Patrick Harker, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Netflix, Republican, Bank of Japan, Mortgage Bankers Association, HK, Fifth Third Bancorp, Philip Morris , Union Pacific, CSX, Truist Financial, American Airlines, Alaska Air, Philadelphia Fed, U.S . Federal, Dallas, Chicago Fed, Atlanta Fed, Treasury, Housing, Reuters, Thomson Locations: New York City, U.S, Washington, Venezuela, Europe, Frankfurt, Freeport, McMoRan, China
Jordan's vote total of 199 was less than the 200 Republican votes he secured on Tuesday. "It's just painfully obvious that what a lot of our people want to do we can't do," said Republican Representative Steve Womack, who voted against Jordan. That idea has been floated by Republicans and Democrats, as well as two former Republican speakers, Newt Gingrich and John Boehner. He simply tells you straight up," Republican Representative Tom Cole said as he nominated Jordan for speaker ahead of the vote. Republicans who opposed Jordan voted for 10 different candidates, including Boehner and two others who no longer serve in Congress.
Persons: Jim Jordan, Jordan, Donald Trump, Kevin McCarthy, McCarthy, It's, Steve Womack, Patrick McHenry, Mike Lawler, Newt Gingrich, John Boehner, Tom Emmer, Hakeem Jeffries, Jordan's, dissemble, Tom Cole, Kay Granger, Boehner, Trump, Joe Biden's, David Morgan, Moira Warburton, Katharine Jackson, Makini Brice, Susan Heavey, Andy Sullivan, Scott Malone, Nick Zieminski, Grant McCool Organizations: U.S . House, Republicans, Republican, Democrats, U.S . Rep, Representatives, Democratic, REPUBLICAN, White, Senate, Jordan ., Committee, Thomson Locations: U.S, East, Ukraine, Washington, Jordan, Jordan . New, McHenry
Jordan secured just 200 Republican votes on Tuesday. "I don't think anybody in here on any issue of any substance would have to guess where Jim Jordan is going to stand. He simply tells you straight up," Republican Representative Tom Cole said as he nominated Jordan for speaker ahead of the vote. Potential candidates include Representative Tom Emmer, currently the No. 3 House Republican.
Persons: Jim Jordan, Jordan, Patrick McHenry, Kevin McCarthy, We've, Let's, Newt Gingrich, John Boehner, Mike Kelly, McHenry, Hakeem Jeffries, Tom Emmer, Jordan's, dissemble, Tom Cole, Donald Trump, Boehner, Joe Biden's, David Morgan, Moira Warburton, Katharine Jackson, Makini Brice, Susan Heavey, Andy Sullivan, Scott Malone, Grant McCool, Nick Zieminski Organizations: U.S . House, Republicans, Democrats, Republican, Democratic, U.S . Rep, Representatives, White, Senate, New, Committee, Biden, Thomson Locations: U.S, East, Ukraine, Jordan, Washington, McHenry
Rep. Jim Jordan failed a second attempt at being elected speaker after 22 Republicans voted against him. Photo: Jim Lo Scalzo/ShutterstockWASHINGTON—GOP Rep. Jim Jordan failed again to win enough votes to be elected House speaker, as divisions hardened for House Republicans, with some lawmakers pursuing new paths to break the impasse that has paralyzed the chamber. More than two weeks after former House Speaker Kevin McCarthy (R., Calif.) was ousted, Republicans remained gripped in a fierce internal struggle over his successor. Jordan said he would keep up his campaign, but pushed off any further voting until Thursday at the earliest as mounting GOP defections on his second ballot left Republicans snarled into warring factions over what should happen next.
Persons: Jim Jordan, Jim Lo Scalzo, Kevin McCarthy, Jordan, snarled Organizations: WASHINGTON, GOP, House Republicans, Republicans Locations: Calif
Rep. Jim Jordan again fell short in his bid to become speaker of the House. In a second round of voting, Jordan was opposed by all Democrats and 22 Republicans. That’s two more net GOP defectors than Tuesday. The lack of progress has reignited talk of assigning more powers to speaker pro tempore Rep. Patrick McHenry (R., N.C.) to get critical work done, with a possible vote on such a resolution later Wednesday.
Persons: Jim Jordan, Jordan, Patrick McHenry Organizations: Republicans, GOP Locations: N.C
Rep. Jim Jordan again fell short on Wednesday in his bid to become speaker, his prospects growing dimmer as time wore on. Twenty-two House Republicans voted against the Ohio Republican, as his opposition grew from a day prior, spelling trouble for his path forward in the chamber. Adding to Jordan’s troubles was a pledge by lawmakers to support Jordan in the first round as a good-faith show of support to their party’s speaker nominee – but not necessarily beyond. “This is the fight – which Jim Jordan represents – to end the status quo, and it ain’t easy,” Perry said. A group of Republicans on Wednesday were reportedly eyeing moving forward with a motion to empower Rep. Patrick McHenry, who was designated speaker pro tempore when former House Speaker Kevin McCarthy was ousted.
Persons: Jim Jordan, Jordan, Jordan’s, Scott Perry, ” Perry, , Tom Cole, you’re, Patrick McHenry, Kevin McCarthy, McHenry Organizations: Republicans, Ohio Republican, Republican, Oklahoma Republican, Wednesday, , Democrats Locations: Scott Perry of Pennsylvania, Jordan, , Oklahoma
On Wednesday, Rep. Jim Jordan failed to win the speaker's gavel for the second time. In a striking blow to his candidacy, even more House Republicans voted against him than last time. The House of Representatives held a second vote on the matter on Wednesday, one day after 20 House Republicans voted against their own party's nominee for the top job. AdvertisementAdvertisementThe Republicans who voted against Jordan supported a range of other candidates, including McCarthy, Scalise, and former Rep. Lee Zeldin. Here are the 22 Republicans who voted against Jordan:
Persons: Jim Jordan, , Jim Jordan of, Jordan, Steve Scalise's, Scalise, Kevin McCarthy, McCarthy, — Rep, Scott Perry, Pennsylvania, Perry, Patrick McHenry, Lee Zeldin, Hakeem Jeffries Organizations: Republicans, Service, Ohio Republican, Twitter Locations: Jim Jordan of Ohio, Ukraine, Israel
New AI Tools Offer Path to Early Alzheimer's DiagnosisIs the eye the window to Alzheimer’s? WSJ reporter Vipal Monga joins host Zoe Thomas to discuss some of the AI tools that are in the works to help detect signs of the disease and why they are giving researchers new hope for early detection. Photo: Getty Images
Persons: Vipal Monga, Zoe Thomas
Jordan's bid to become speaker appeared to be in deep trouble Wednesday, after he failed to secure the gavel by a wider margin than expected in the Tuesday vote. On that ballot, 20 Republicans publicly voted against the Judiciary Committee chairman, and 200 voted for him. Jordan's second bid already appeared doom to fail early Wednesday afternoon with at least nine Republicans voting against him so far, more than the congressman can afford to lose. Other Republicans voted for Lee Zeldin, who left Congress in January. "By empowering Patrick McHenry as Speaker Pro Tempore we can take care of our ally Israel until a new Speaker is elected."
Persons: Jim Jordan, Elise Stefanik, Jim Jordan's, Jordan's, Tom Cole of Oklahoma, Jordan, Kevin McCarthy, Cole, McCarthy, Steve Scalise, Lee Zeldin, Patrick McHenry of, Dave Joyce, Ohio, McHenry, Joyce, Patrick McHenry, Israel Organizations: Republican, House Republican, U.S, Capitol, Ohio Republican, GOP, Republicans, NBC News, NBC, Pro Tempore Locations: Ohio, Patrick McHenry of North Carolina
CNN —Rep. Jim Jordan’s speaker bid is in peril as the Ohio Republican confronts steep opposition from members of his own party, raising serious questions over whether he can flip enough holdouts to win the gavel. ET Wednesday in what could be a pivotal moment for Jordan’s candidacy that will show whether he is losing or gaining support. But it’s not clear if Jordan has a viable path forward in the race amid the deep divisions within the House GOP conference and the resistance he faces. Uncertainty over Jordan’s candidacy threatens to prolong the state of paralysis the House is currently stuck in. Scalise initially defeated Jordan inside the GOP conference to become the speaker nominee, but later dropped out of the race amid opposition to his candidacy.
Persons: Jim Jordan’s, Jordan, Kevin McCarthy, CNN’s Manu Raju, , Patrick McHenry of, didn't, CNN Jordan, Donald Trump, McCarthy, Steve Scalise’s, Scalise Organizations: CNN —, Ohio Republican, GOP, CNN, Caucus, Judiciary Committee, Republicans Locations: Ohio, Patrick McHenry of North Carolina
PoliticsJim Jordan fails again in bid for US House SpeakerPostedOutspoken conservative Jim Jordan vowed to keep trying for the top job in the U.S. House of Representatives after losing ground in a second vote on Wednesday (October 18), as his fellow Republicans considered a backup option for the leaderless chamber.
Persons: Jim Jordan Organizations: US, U.S . House, Republicans Locations: U.S
"Even Pope Francis, it took him five ballots to get elected," said Republican Representative Nicole Malliotakis. 2 House Republican whose own bid for speaker fell apart last week, and six voted for McCarthy. After the vote, Jordan spent time talking with lawmakers who had voted against him on the House floor. 3 House Republican, and Patrick McHenry, who is temporarily filling the speaker's chair. "He is a patriot, an America First warrior who wins the toughest of fights," Republican Representative Elise Stefanik said as she nominated Jordan for speaker on the House floor.
Persons: Republican Jim Jordan, Donald Trump, Hakeem Jeffries, Kevin McCarthy's, McCarthy, Pope Francis, Nicole Malliotakis, Jordan, Steve Scalise, Lee Zeldin, Tom Cole, Tom Emmer, Thomas Massie, Mike Garcia, Scalise, Mario Diaz, Balart, Jim Jordan, Patrick McHenry, Jeffries, Jordan's, Joe Biden, Elise Stefanik, Trump . Jordan, Trump's, Pete Aguilar, decry, John Boehner, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Andy Sullivan, Scott Malone, Jonathan Oatis, Grant McCool Organizations: Republican, U.S . House, Seven Republicans, Congress, Jordan . Four Republicans, New, U.S . Rep, New Republican, Democratic, Senate, Democrats, Trump ., Committee, Biden, Caucus, Ohio State University, Thomson Locations: Ohio, East, Ukraine, U.S, Washington, New York City, America, Trump
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Persons: Dow Jones, jim, jordan
Biden's travels will be rife with security concerns, and visits by other U.S. officials have been disrupted by rocket launches into Israel. ... And if we don’t, who does?”In Israel, Biden was expected to meet with Prime Minister Benjamin Netanyahu and other Israeli officials before heading to Jordan. However, Abbas has withdrawn his planned participation because of the destruction at the hospital in Gaza. Abbas has been Palestinian president for nearly 20 years. Israeli strikes on Gaza have killed at least 2,700 people and wounded more than 9,700, according to the Gaza Health Ministry.
Persons: Joe Biden’s, Mahmoud Abbas, Abbas, Biden, Jordan, Ukraine —, Joe Biden, , Jon Alterman, There's, ” Alterman, Biden's, Antony Blinken, , Benjamin Netanyahu, King Abdullah II, Abdel Fattah el, it's, Netanyahu, Abdullah II, — Biden, Richard Hecht, haven’t, Josh Boak, Josef Federman, Matthew Lee Organizations: WASHINGTON, Hamas, Ministry, Palestinian, Center for Strategic, International Studies, Senate Foreign Relations, Hezbollah, Associated Press, Israel, Republicans, CBS, International Monetary Fund, Gaza Health Ministry, United Nations Locations: Israel, East, Gaza, Palestinian, Ukraine, United States, Iran, Southern Lebanon, , The U.S, Tel Aviv, , U.S, United States of America, Jordan, The Israel, Jordanian, Egypt, Syria, Iraq, Washington, Jerusalem, Amman
Republican Rep. Jim Jordan failed to win enough support on the first ballot, losing 20 Republicans. Jordan, who chairs the powerful House Judiciary Committee, received 200 votes on the first ballot with 20 Republicans voting for other candidates. With full Democratic attendance and united opposition, Jordan could only afford to have lost three Republican votes. By at least one measure, Jordan would be the most conservative Speaker compared to the average House Republican in recent years. The 20 Republicans that have voted against Jordan thus far:Seven Republicans voted for House Majority Leader Steve Scalise: Scalise was briefly the party's nominee to become speaker before he withdrew from the race.
Persons: Kevin McCarthy's, Jim Jordan, , Jordan, Hakeem Jeffries, Rather, McCarthy, Jordan's, Gus Bilirakis, Joe Biden, Donald Trump, Kay Granger, Rep, Steve Womack, Juan Ciscomani, Steve Scalise, Scalise, Mario Díaz, Tony Gonzales, Texas Mike Kelly of Pennsylvania John Rutherford of, Mike Simpson, Don . Bacon, Lori Chavez, Carlos Gimenez, Jen Kiggans, Doug LaMalfa, Mike Lawler, Lee Zeldin, Zeldin, Donald Trump's, Anthony D'Esposito Rep, Andrew Garbarino Rep, Nick LaLota Organizations: Republican, Republicans, Lawmakers, Service, Judiciary, Florida Republican, Democratic, Caucus, Jordan, Arkansas Republican, D.C, Seven, Florida Rep, Texas Rep, Texas Mike Kelly of Pennsylvania John Rutherford of Florida Rep, Idaho Rep, Arkansas Six, Nebraska Rep, Oregon Rep, Virginia Rep, California Rep, New, New York Three New York Republicans, Rep Locations: Florida, Ohio, Kay Granger of Texas, Arkansas, Texas, Texas Mike Kelly of Pennsylvania John Rutherford of Florida, Idaho, New York
The refusal of some of them to go along with Mr. Jordan’s election was an unusual show of force from a group that more commonly seeks compromise and conciliation. Though Mr. Jordan failed to win a majority, 200 Republicans — including many of those more mainstream members — voted to give him the job second in line to the presidency. That was a remarkable show of support for Mr. Jordan, 59, who helped Mr. Trump try to overturn the 2020 election and has used his power in Congress to defend the former president. Mr. Jordan has a long track record of opposing compromise that prompted a previous Republican speaker to brand him a “legislative terrorist.”Representative Elise Stefanik, Republican of New York, formally nominated Mr. Jordan, a former wrestling champion, on the floor on Tuesday and cast his bruising style as a virtue. “Whether on the wrestling mat or in the committee room, Jim Jordan is strategic, scrappy, tough and principled,” she said.
Persons: Kevin McCarthy, Republicans ’, Jordan’s, Jordan, , Trump, Elise Stefanik, Jim Jordan, Organizations: Republicans, Republican Locations: New York
PoliticsJim Jordan falls short in first US House speaker votePostedCombative right-wing Republican Jim Jordan fell short on Tuesday (October 17) in a vote to serve as speaker of the U.S. House of Representatives, but more votes were expected to follow that could wear down his opponents.
Persons: Jim Jordan, Republican Jim Jordan Organizations: Republican, U.S . House
US Representative Jim Jordan (R-OH) speaks to members of the media at the US Capitol in Washington, DC, on October 4, 2023. The renewed momentum came at a crucial moment for Jordan, whose candidacy seemed destined to fail late last week. After winning the internal, closed door nomination vote, Jordan still faced a bloc of around 50 House Republicans who opposed his speakership. Jim Jordan can do it," McCarthy said in a social post. President Joe Biden called the leadership vacuum in the House "dangerous" in an interview with CBS News that aired Sunday.
Persons: Jim Jordan, Jim Jordan of, Republican holdouts, Jordan, Mike Rogers of, Ken Calvert of, Ann Wagner of Missouri, Carlos Gimenez of, Don Bacon of, Gimenez, Kevin McCarthy, Steve Womack, Mike Lawler, Mario Diaz, Matt Gaetz, McCarthy, Joe Biden, Biden, Michael McCaul, Steve Scalise Organizations: Jim Jordan of Ohio, Representatives, Republican, Republicans, Armed Services, Mike Rogers of Alabama, NBC News, Carlos Gimenez of Florida, California Republican, Rep, Jordan, CBS News, Republican Party, Foreign Affairs, NBC, Texas Republican, GOP Locations: Washington ,, Ken Calvert of California, Don Bacon of Nebraska, Arkansas, York, Florida, Israel, Ukraine, Kyiv, Russia, United States, Texas, Louisiana
Rep. Jim Jordan received his party’s nomination for speaker on Friday, becoming the second nominee after Majority Leader Steve Scalise abruptly abandoned his bid for the role a day earlier. The Ohio Republican fell more than 60 votes short of the threshold needed to become speaker in a test vote on Friday. Jordan, the House Judiciary Committee chairman, was known for years as an outspoken critic of leadership positioned squarely among the party’s right flank. Still, some moderates, along with Democrats, staunchly oppose a Jordan speakership, making a bipartisan path forward possible. Some have floated a bipartisan effort to empower Rep. Patrick McHenry, who has been serving as speaker pro tempore since McCarthy’s ouster, or even elect the North Carolina Republican as speaker.
Persons: Kevin McCarthy’s, Jim Jordan, Steve Scalise, he’s, Dan Crenshaw, Jordan speakership, Jordan, Crenshaw, ’ “, , McCarthy, Kevin Hern, Mike Johnson of, Patrick McHenry, McCarthy’s, Hakeem Jeffries, ” Jordan, , Mike Turner, balk Organizations: GOP, The Ohio Republican, Committee, , CNN, House Republicans, Fox News, North Carolina Republican, NBC, Democrats, Republican Conference, Ohio Republican, CBS, Capitol Locations: Jordan, Texas, Oklahoma, Mike Johnson of Louisiana, Ohio, Israel
Rep. Don Bacon of Nebraska, a swing district Republican, decried the continued GOP leadership fight. Bacon said some of his GOP colleagues "would prefer" to be in the minority in the US House. Rep. Jim Jordan is working to round up votes for the speakership but faces an uphill climb. I think they would prefer that because they could vote 'no' and yell and scream all the time," he told the network. "We've got to get past this stage," Republican Rep. Frank Lucas of Oklahoma told The Wall Street Journal.
Persons: Don Bacon of Nebraska, Bacon, Jim Jordan, , Steve Scalise, Kevin McCarthy, Jordan, aren't, We've, Frank Lucas of Oklahoma, McCarthy's speakership, Vern Buchanan, Mario Díaz, Mike Rogers of, Ann Wagner of Missouri Organizations: Republican, GOP, House, Service, House Republicans, House Republican Conference, CNN, Republican Rep, Wall Street, Jordan, Mike Rogers of Alabama Locations: Louisiana, Omaha, Florida
Rep. Jim Jordan is the new GOP speaker nominee following Majority Leader Steve Scalise’s exit from the race. Jordan has the weekend to continue to make his case and attempt to flip holdouts, but he faces a steep uphill battle. But it soon became clear that Jordan also faces a stiff wall of resistance. That vote, which was cast by secret ballot, was 152 to 55, laying bare the major challenge Jordan faces in his bid for the gavel. Jordan or any other Republican speaker candidate can only afford to lose four GOP votes when the full House votes for speaker if all members are voting.
Persons: Kevin McCarthy, Jim Jordan, Steve Scalise’s, Jordan, Scalise, CNN’s Manu Raju, McCarthy, , Feedback McCarthy, Steve Scalise, Chip Somodevilla, Austin Scott of Georgia –, Mike Garcia, , Marjorie Taylor Greene, Matt Gaetz, ” Gaetz, CNN’s Michael Smerconish, “ Jim Jordan, ” Jordan, Patrick McHenry of Organizations: CNN, Republicans, GOP, Rep, Ohio Republican, Hamas, CNN Republicans, Capitol, GOP Rep, Republican, Democrats, Caucus Locations: Ohio, Ukraine, Washington ,, Jordan, California, Patrick McHenry of North Carolina
Jordan prevailed in a closed-door vote over Austin Scott, a Georgia lawmaker who has kept a relatively low profile in his 12 years in Congress. 2 House Republican who was seen as the heir apparent to McCarthy. But Scalise abandoned his bid on Thursday after it became clear he could not consolidate Republicans behind him. Jordan, who serves as House Judiciary Committee chair, tormented Republican leaders for years as a vocal advocate for the party's right wing. I think Jim Jordan can do it," said Representative Nicole Malliotakis.
Persons: Jim Jordan, Kevin McCarthy, Jordan, Austin Scott, Steve Scalise, McCarthy, Scalise, Kat Cammack, Donald Trump, ” Jordan, Joe Biden, Nicole Malliotakis, Steve, Vern Buchanan, John Boehner, Paul Ryan, David Morgan, Katharine Jackson, Moria Warburton, Richard Cowan, Andy Sullivan, Scott Malone, Gerry Doyle, Jonathan Oatis Organizations: U.S . House, Representatives, House Republican Conference, U.S ., Republican, Republicans, Democratic, Thomson Locations: WASHINGTON, U.S, Georgia, East, Russia, Ukraine
2 House Republican and was long considered to be next in line after McCarthy. POSSIBLE: PATRICK MCHENRYRepresentative Patrick McHenry was named to step in as speaker pro tempore following McCarthy's ouster. Chair of the House Financial Services Committee, McHenry is a McCarthy ally who spoke in support of McCarthy before the ouster vote. POSSIBLE: KEVIN MCCARTHYThe former speaker has sent conflicting signals on whether he would seek a return, should Scalise and Jordan fail to capture support from 218 lawmakers. OUT: KEVIN HERNKevin Hern is chairman of the Republican Study Committee, a group of conservative Republicans.
Persons: Kevin McCarthy, STEVE SCALISE, Steve Scalise, McCarthy, JIM JORDAN, Jim Jordan, Jordan, Joe Biden, Donald Trump, Jordan's, PATRICK MCHENRY, Patrick McHenry, McHenry, KEVIN MCCARTHY, KEVIN HERN Kevin Hern, Makini Brice, Moira Warburton, Scott Malone, Howard Goller, David Gregorio, Jonathan Oatis Organizations: U.S . House, Republican, Democrat, Financial Services, Committee, Republicans, Thomson Locations: U.S, Louisiana, Ohio, North Carolina
Trump endorsed Jim Jordan for speaker of the House — but it won't be enough to get him the job. AdvertisementAdvertisementThe race to succeed former House Speaker Kevin McCarthy is on, and Rep. Jim Jordan just scored what may be the best outside endorsement a Republican could get — former President Donald Trump. Since Trump endorsed the Ohio Republican on Thursday evening, several House conservatives have done just that. Just ask former Rep. Liz Cheney, or any of the other House Republicans who voted to impeach Trump and were primaried out of a job. Trump doesn't have as much sway on Capitol Hill as you thinkThis may come as a surprise, but Republicans on Capitol Hill — even those that support his 2024 candidacy — ignore Trump all the time.
Persons: Trump, Jim Jordan, , Kevin McCarthy, Donald Trump, Jordan, Steve Scalise, Kevin Hern, you've, Republicans who've, Liz Cheney, McCarthy, Matt Gaetz, didn't, he's, Mitch McConnell, McConnell, Sen, Rick Scott of, that's, — Vern Buchanan, Lisa McClain, Chuck Fleischmann of Tennessee, It's, outlast Organizations: Service, Republican, Caucus, Jordan, Trump, Ohio Republican, Republicans, GOP, Capitol, Senate, House Republicans Locations: Ohio, Oklahoma, Florida, Rick Scott of Florida, Lisa McClain of Michigan
[1/2] Former Speaker of the House Kevin McCarthy (R-CA) speaks to reporters after he was ousted from the position of Speaker by a vote of the House of Representatives at the U.S. Capitol in Washington, U.S. October 3, 2023. Jordan faces a challenge from Representative Steve Scalise, the No. 2 House Republican long considered to be McCarthy's heir apparent. IN: STEVE SCALISERepresentative Matt Gaetz, the lawmaker who spearheaded the push to oust McCarthy, has said he would support Steve Scalise taking over the role. Chairman of the House Financial Services Committee, McHenry is a McCarthy ally who spoke in support of McCarthy before the ouster vote.
Persons: Kevin McCarthy, Jonathan Ernst, Donald Trump, Jim Jordan, Jordan, Steve Scalise, JIM JORDAN, McCarthy, Joe Biden, Trump, STEVE SCALISE, Matt Gaetz, Scalise, David Duke, KEVIN HERN Kevin Hern, PATRICK MCHENRY, Patrick McHenry, McHenry, Makini Brice, Scott Malone, Howard Goller Organizations: U.S, Capitol, REUTERS, Republican, Ku Klux Klan, Committee, Republicans, Financial Services, Thomson Locations: Washington , U.S, Ohio, Louisiana, Oklahoma, North Carolina
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