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☆ What the new House speaker means for government shutdown odds and the markets
▼ + stars: | 2023-10-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

After three weeks without a speaker, House Republicans finally handed the gavel to Mike Johnson of Louisiana on Wednesday. The new House speaker arrives as lawmakers have been unable to pass spending legislation — with a Nov. 17 deadline nearing. Ukraine funding Another pressing issue is President Joe Biden's $106 billion defense supplemental request, on which Johnson has not signaled a clear position. "We expect Mr. Johnson and House Republicans will try to unbundle the proposal." Johnson is taking over as House speaker as the stocks market struggles.

Persons: Mike Johnson of, Johnson, Tobin Marcus, Jan Hatzius, Goldman Sachs, Marcus, Joe Biden's, Brian Gardner, Stifel's, Biden, Gardner, — CNBC's Michael Bloom Organizations: Republicans, Street, GOP, Wolfe Research, Senate, Ukraine, House Republicans, Nasdaq Locations: Mike Johnson of Louisiana, Israel, Ukraine, Washington

☆ Australian PM tells US House speaker he hopes AUKUS legislation passes this year
▼ + stars: | 2023-10-26 | by ( David Brunnstrom | ) www.reuters.com time to read: +4 min

REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Oct 26 (Reuters) - Australian Prime Minister Anthony Albanese met the new speaker of the U.S. House of Representatives on Thursday and said he hoped the U.S. Congress would pass legislation related to the AUKUS submarine project this year. "We, of course, have important legislation required for AUKUS," Albanese told Johnson at the start of their meeting. "We are certainly hoping that the Congress can pass that legislation this year." Budget wrangling and the lack of a speaker for several weeks until Johnson's appointment interrupted the U.S. legislative process in Congress, and Australian officials have expressed concern about delays in approving legislation needed to move the AUKUS project forward. Officials and experts and say this is important for the success of AUKUS given the need to share U.S. technology both in the submarine project and a second AUKUS pillar involving three-way cooperation on high-tech weaponry.

Persons: Joe Biden, Anthony Albanese, Rishi Sunak, Leah Millis, Albanese, Mike Johnson, Johnson, Biden, Mara Karlin, Biden's, Joe Courtney, Courtney, David Brunnstrom, Rod Nickel Organizations: Australian, British, U.S, Naval Base Point, San Diego , California U.S, REUTERS, Rights, U.S . House, Capitol, Republicans, Pentagon, Democratic, Australia Caucus, National Defense, Republican, U.S . Navy, Thomson Locations: Australia, United Kingdom, Naval Base Point Loma, San Diego , California, Washington, U.S, United States, Britain, Australia Virginia

WASHINGTON (AP) — Republican Mike Johnson is the new speaker of the House, but the ally of Donald Trump inherits many of the same political problems that have tormented past GOP leaders, tested their grasp of the gavel and eventually chased them out of office. But the goodwill toward Johnson blurs the political fault lines challenging the Louisianan's ability to lead the GOP majority as it faces daunting issues ahead. While not the party's top choice for the gavel, the deeply religious and even-keeled Johnson has few foes and an important GOP backer: Trump. In the House, far-right members had refused to accept a more traditional speaker, and moderate conservatives didn't want a hard-liner. A lawyer specializing in constitutional issues, Johnson had rallied Republicans around Trump’s legal effort to overturn the 2020 election results.

Persons: Mike Johnson, Donald Trump, Kevin McCarthy, Johnson, Joe Biden, Biden, ” Johnson, “, ” Trump, “ He’s, ” Biden, it’s, didn't, Matt Gaetz, McCarthy, Democrat Biden, MAGA, ”, Suzan DelBene, Israel ”, John Boehner, Paul Ryan, Newt Gingrich, Tom Emmer, Jim Jordan, Steve Scalise, Jill Colvin, Darlene Superville Organizations: WASHINGTON, —, GOP, Republican, Trump, Democrat, “ Republicans, Democrats, Lawmakers, Republicans, Hamas, Jordan’s, Associated Press Locations: Israel, Ukraine, York, Washington, Russia, Louisiana, New York

☆ Live updates: House Speaker race continues
▼ + stars: | 2023-10-25 | by ( Mike Hayes | Kaanita Iyer | ) edition.cnn.com time to read: +2 min

After three weeks of infighting, division and tensions that left the House paralyzed they will again attempt to elect a speaker this afternoon. Members can also opt to vote PRESENT, which casts no vote. Additionally, Massie this morning said he would support Johnson after voting present last night. Remember, the math is tricky here: The prevailing candidate will be the one who wins 50% +1 of the total number of the House voting for a person. Should a member not vote or vote present, that will drop the target number that a candidate needs to reach.

Persons: Mike Johnson, Johnson, Hakeem Jeffries, Jeffries, Thomas Massie of, Mark Amodei, Amodei, designee Johnson, Massie, I’m, ” Massie Organizations: House GOP Conference, House, CNN Locations: Thomas Massie of Kentucky, French Hill, Arkansas, Nevada

Rep. Jim Jordan of Ohio was removed as GOP nominee for speaker in a secret ballot after he lost his third bid. Rep. Kevin McCarthy, the previous speaker, was ousted three weeks ago. Mike Johnson of Louisiana was chosen as House Republicans’ latest nominee for speaker in a conference vote late Tuesday, hours after the party elected and then derailed a different member in its search for the elusive candidate who can actually win the gavel. At the end of a marathon day of internal debate and votes, Johnson, the vice chairman of the House Republican conference, bested Byron Donalds of Florida, a Trump ally popular with many of the House’s most conservative lawmakers. In a shift, lawmakers left the Capitol on Tuesday night optimistic that Johnson could unite them after a series of failed attempts to find a successor to former House Speaker Kevin McCarthy (R., Calif.), who was ousted three weeks ago.

Persons: Jim Jordan of, Kevin McCarthy, Valerie Plesch, Mike Johnson of, Republicans ’, Johnson, Byron Donalds of Organizations: Bloomberg WASHINGTON —, Republicans, House Republican, Trump, Capitol Locations: Jim Jordan of Ohio, Mike Johnson of Louisiana, Byron Donalds of Florida, Calif

WASHINGTON—In choosing Mike Johnson as the new House Speaker, Republicans have cast their lot with a little-known congressman from Louisiana who has made his name pushing conservative positions on cultural issues and who played a key role in unsuccessful legal efforts to overturn the results of the 2020 election. After 22 days without a speaker, House Republicans came together to elect Johnson for the post Wednesday after three other better-known nominees failed to unite the fractured conference.

Persons: WASHINGTON —, Mike Johnson, Johnson Organizations: Republicans Locations: WASHINGTON, Louisiana

House Republicans elected Rep. Mike Johnson of Louisiana as speaker of the House on Wednesday, more than three weeks after Kevin McCarthy was ousted. Photo: Chip Somodevilla/Getty ImagesWASHINGTON—The House elected GOP Rep. Mike Johnson of Louisiana as speaker, elevating a staunch conservative to the top post after three weeks of Republican infighting doomed other candidates aiming to succeed ousted leader Kevin McCarthy. The choice of Johnson, a close ally of former President Donald Trump, came after the party cycled through a series of hopefuls, prompting some members to wonder whether any colleague could thread the needle in the deeply divided conference. With a speaker now in place, lawmakers can finally get back to work, with many eager to pass aid for Israel and address a looming government-funding deadline next month.

Persons: Mike Johnson of, Kevin McCarthy, Chip Somodevilla, Johnson, Donald Trump Organizations: Republicans, Getty, WASHINGTON, The Locations: Mike Johnson of Louisiana, Israel

☆ Rep. Mike Johnson appears to win fourth House speaker vote, ending Republican deadlock
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Mike Johnson appears to win fourth House speaker vote, ending Republican deadlockCNBC's Emily Wilkins reports on the latest developments in the race for speaker.

Persons: Mike Johnson, Emily Wilkins

☆ Opinion | The Speakership Is Yours, Mike Johnson. Good Luck With That.
▼ + stars: | 2023-10-25 | by ( Gail Collins | ) www.nytimes.com time to read: +2 min

This week, he compared himself to a South African Nobel Peace Prize winner who served time in prison for his battles against apartheid. All that flailing around over selecting a House speaker was due, in part, to the Republicans’ failure to corral their Flimsy Five around any of the original contenders. “I have many wonderful friends wanting to be Speaker of the House, and some are truly great Warriors,” Trump declaimed. Mike Johnson of Louisiana, who finally won the speaker’s job, is exactly the kind of guy you’d expect to come up on top. Right-wing anti-abortion activist who gets along with his colleagues and who, crucially, has items in his résumé that won Trump’s heart.

Persons: Donald Trump, Nelson Mandela, He’s, Abraham Lincoln B, C, George Washington D, Mona Lisa The, Tom Emmer, who’d, “, ” Trump, ” RINO, Trump, Mike Johnson of Organizations: South, Republicans, Republican, Independence Party, Democratic Party Locations: who’s, New York, Manhattan, Mike Johnson of Louisiana

In some states, higher-income families can now use taxpayer money to cover private school tuition -- and more people than projected are taking the offer, which might force scrambles to shore up state budgets. It's especially an issue in states like Arizona and Iowa, where at least some families whose children were already in private school can now take advantage of public funding. Her state has a new education savings account program — which is paying for students from families of any income to switch from public to private school and for many already in private school to remain there. Opponents of the programs are bracing for lawmakers to attempt to make up for the higher costs by further cutting public school funding, even though lawmakers have not publicly threatened to do so. The plans are in doubt because of opposition from Democrats and some Republicans who live in rural areas where private schools are scarce and public schools are some of the most important institutions.

Persons: ”, Josh Cowen, it's, Ryan Cantrell, ” Aaron Galaz, “, Heather Stessman, Stessman, Beth Lewis, Katie Hobbs, Hobbs, Ben Toma, ” Toma, Greg Abbott, Matt Huffman, Hannah Fingerhut, Samantha Hendrickson, Isabella Volmert, Paul Weber Organizations: Michigan State University, American Federation for Children, Catholic, Our Schools, Arizona Gov, Republican, Republican Gov, Columbus Dispatch, Ohio, Associated Press, America Statehouse News Initiative, America Locations: Arizona, Iowa, — Arizona, Florida , Iowa, Ohio, Indiana, Arkansas, West, Phoenix, Waterloo , Iowa, Our Schools Arizona, Texas, Des Moines , Iowa, Columbus , Ohio, Indianapolis, Austin , Texas

☆ Morning Bid: Megacaps scatter in the cloud
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But after the S&P500 staged an impressive 0.7% bounce on Tuesday, futures were back in the red again ahead of the open. The negativity cut across what was otherwise a more upbeat macro picture and a calmer bond market following recent ructions. Chinese developer Country Garden (2007.HK) is deemed in default on a dollar bond for the first time, Bloomberg News reported. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Alphabet's, Microsoft's, Baker Hughes, Teradyne, Hess, Jerome Powell, Barbara Lewis Organizations: New York Stock Exchange, REUTERS, Big Tech, Google, Microsoft, Meta, IBM, Boeing, Bloomberg News, Treasury, Bank of Canada, Deutsche Bank, United Health, General Dynamics, Whirlpool, Otis, Hilton, U.S, Reuters, PMI, Thomson Locations: New York City, U.S, HK, United States, Europe, Worldline, Germany, Ameriprise, EQT, Washington

☆ Listen now: Death, displacement and diplomacy in Gaza
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Listen to senior correspondent Nidal al-Mughrabi in Khan Younis where mass displacements have followed mass destruction, despite attempts by diplomats around the world to push Israel to pause its bombing of Gaza to let in aid. Trump and Cohen face to face in New York as Jenna Ellis pleads guilty in Georgia. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Further ReadingIsrael's military tells UN in Gaza: ask Hamas for fuelTo cease fire or pause? US, Russia poised for UN showdown on IsraelHezbollah, Hamas and Islamic Jihad leaders discuss how to achieve 'victory'Our Standards: The Thomson Reuters Trust Principles.

Persons: Nidal, Khan Younis, Israel, Cohen, Jenna Ellis Organizations: Apple, Google, Reuters, Trump, Thomson, UN, Israel Hezbollah, Islamic Locations: Khan, Gaza, New York, Georgia, Russia, Israel

House Republicans unanimously voted to elect Rep. Mike Johnson as speaker on Wednesday in a stunning turnaround that came more than three weeks into a standoff that descended the chamber into a crisis of its own creation. Johnson, an unlikely candidate for speaker just weeks ago, was elected in 2016 and serves as the vice chairman of the House GOP conference. And by the evening, lawmakers spoke of a Johnson speakership as if it were all-but guaranteed. House Republicans sprung to their feet as House GOP Conference Chairwoman Elise Stefanik nominated Johnson for the speakership ahead of the vote on Wednesday, delivering a standing ovation as chants of “Mike” rang out. “Today is the day that House Republicans will humbly look in our hearts and elect Mike Johnson as speaker of the people’s House,” Stefanik said.

Persons: Mike Johnson, Kevin McCarthy’s gavel, Steve Scalise’s, Jim Jordan’s, Tom Emmer’s, Johnson, ” Johnson, he’s, Jordan, Donald Trump’s, –, He’s, Pete Aguilar, Donald Trump, ”, Emmer, didn’t, “, hasn’t, Elise Stefanik, Mike ”, ” Stefanik, Mike, Joe Biden, He’ll Organizations: Louisiana Republican, GOP, Republican, Democrats, Democratic, Republicans, Israel Locations: legislating, Ukraine, Gaza

☆ Kevin McCarthy floats proposal returning him to power and making Jim Jordan assistant House speaker
▼ + stars: | 2023-10-25 | by ( Ali Vitali | Scott Wong | ) www.cnbc.com time to read: +3 min

U.S. Republican Representative from California Kevin McCarthy speaks with Republican Representative from Ohio Jim Jordan as the U.S. House of Representatives continues voting for new speaker at the U.S. Capitol in Washington, DC, January 4, 2023. Rep. Kevin McCarthy, R-Calif., is floating a plan that would reinstall him as House speaker and make conservative Trump ally Rep. Jim Jordan the assistant speaker, according to three sources familiar with the matter. The proposed alliance aims to unite warring factions of the House Republican Conference, which has been leaderless since McCarthy was ejected from the speaker's office. A source briefed on the proposal likened it to the arrangement Democrats had when Rep. Nancy Pelosi was speaker and Rep. Katherine Clark was assistant speaker. "Kevin speaker, Jordan assistant speaker," the source said.

Persons: California Kevin McCarthy, Ohio Jim Jordan, Kevin McCarthy, Jim Jordan, McCarthy, Jordan, It's, Tim Burchett, — it's, Tom Emmer, Nancy Pelosi, Katherine Clark, Kevin, Mike Johnson, Gus Bilirakis, it's Organizations: Republican, U.S . House, U.S, Capitol, Trump, House Republican Conference, Ohio Republican, GOP, Republicans, —, Rep Locations: California, Ohio, Washington , DC, Jordan, Tuesday's

☆ California Gov. Gavin Newsom meets with China's Xi Jinping to partner on climate agenda
▼ + stars: | 2023-10-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Gavin Newsom sat down with Chinese President Xi Jinping on Wednesday to discuss collaboration on addressing climate change amid fragile relations between the United States and China. Newsom is the first governor in four years to visit China and the first California governor to meet with Xi since 2017. The only way we can solve the climate crisis is to continue our long-standing cooperation with China," Newsom said in a statement. The United States as a whole has pledged to zero out its emissions by 2050. In July, U.S. climate envoy John Kerry visited China to revive climate collaboration between the two countries.

Persons: Gavin Newsom, Xi Jinping, Newsom, Republican congressmembers, Kevin McCarthy, Xi, Wang Yi, Yi, Antony Blinken, Jake Sullivan, John Kerry, Nancy Pelosi Organizations: of, Xi, Republican, Foreign, U.S, United, Kerry Locations: California, United States, China, of California, People's Republic of China, Newsom's, U.S, Taiwan, United Nations, Dubai

☆ Republicans nominate Mike Johnson for House speaker in latest attempt to break GOP impasse
▼ + stars: | 2023-10-25 | by ( Scott Wong | Sahil Kapur | ) www.cnbc.com time to read: +3 min

U.S. Rep. Mike Johnson (R-LA) leaves a House Republican conference meeting in the Longworth House Office Building on Capitol Hill on Oct. 24, 2023 in Washington, DC. Rep. Mike Johnson, a relatively little-known Louisiana Republican and low-ranking member of the GOP leadership team, became the party's latest nominee for House speaker on Tuesday night after three other hopefuls fizzled out. It remains unclear if he can garner the 217 Republican votes — a simple majority of the full House — needed to win the coveted gavel. Johnson is seeking to achieve something that the last three nominees failed to do: win at least 217 of the 221 Republican votes needed to become speaker. Another wild card in the speaker's race is Trump, who knifed Emmer on Tuesday after he won the nomination.

Persons: Mike Johnson, Tom Emmer, Johnson, Emmer, Steve Scalise, Jim Jordan of, Jordan, Liz Cheney, Donald Trump, Biden, Trump Organizations: Rep, Republican, Washington , DC, Louisiana Republican, GOP, GOP Conference, Committee, New York Times, Electoral, The Times, Republicans, Trump Locations: Longworth, Washington ,, Louisiana, Johnson, Jim Jordan of Ohio

"There is not a lot of trust," Republican Representative Dusty Johnson, a moderate, told reporters. "It's in the best interest of the country – and House Republicans themselves – to get their act together." PRIOR FAILURESA small band of party hardliners led by Republican Representative Matt Gaetz engineered McCarthy's ouster on Oct. 3. 3 House Republican Tom Emmer withdrew his bid on Tuesday amid opposition from party hardliners. He has a more moderate record than many other House Republicans.

Persons: Mike Johnson, Kevin McCarthy, Dusty Johnson, Johnson, hardliner Jim Jordan, Donald Trump, Jordan, McCarthy, Joe Biden, Jonathan Ernst, Andrew Bates, –, Matt Gaetz, Republican Tom Emmer, Joe Biden's, Trump, Emmer, Steve Scalise's, David Morgan, Moira Warburton, Richard Cowan, Makini Brice, Susan Heavey, Scott Malone, Stephen Coates, Jane Merriman Organizations: U.S . House, Republicans, Republican, Lawmakers, Former U.S, Wednesday, Democratic, Senate, U.S, Capitol, REUTERS, GOP, House Republicans, Trump, Emmer, Thomson Locations: East, Ukraine, Louisiana, Washington, Washington , U.S, Israel, U.S

☆ Mike Johnson elected House speaker
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMike Johnson elected House speakerCNBC's Emily Wilkins reports on the House finally voting for a House Speaker.

Persons: Mike Johnson, Emily Wilkins

☆ Republicans shouted down a reporter and told her 'shut up' for asking their potential next House speaker about his efforts to overturn the 2020 election
▼ + stars: | 2023-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

An ABC News reporter tried to ask GOP Rep. Mike Johnson about his efforts to overturn the 2020 election. In the end, 125 House Republicans, including then-House Minority Leader Kevin McCarthy, signed on to the Supreme Court brief. While House Republicans failed to overturn the results, 139 lawmakers voted to uphold challenges to at least one state. While a majority of House Republicans voted to object to both states, there were some notable exceptions. Emmer, who was then the leader of House Republicans campaign arm, was briefly the GOP's nominee to become speaker of the House on Tuesday.

Persons: Mike Johnson, —, Virginia Foxx, Rachel Scott, Johnson, Foxx, Scott, Ken Paxton's, Donald Trump, Kevin McCarthy, Tom Emmer, Emmer Organizations: ABC, GOP, Republican, Service, Republicans, Capitol, Rep, Education, Workforce Committee, New York Times, Supreme, Electoral, Arizona, House Republicans Locations: North Carolina, Texas, Pennsylvania , Michigan , Wisconsin, Georgia, Minnesota

3 House Republican, dropped his bid only hours after securing the nomination. A social conservative, Mr. Johnson is a lawyer and the former chairman of the Republican Study Committee. This conference that you see, this House Republican majority, is united. Some on the right opposed to Mr. Emmer cited his vote in favor of codifying federal protections for same-sex couples. Mr. Emmer had attempted to mollify Mr. Trump by calling him over the weekend and praising him, according to the former president.

Persons: Tom Emmer, Mike Johnson, Emmer’s, Donald J, Trump, Johnson, Kevin McCarthy, Mr, rouser, Trump’s, “, ”, Virginia Foxx, Mike Johnson of, We’re, Haiyun Jiang, McCarthy, Steve Womack, I’m, ” Mr, holdouts, Emmer, MAGA, Byron Donalds of, Hakeem Jeffries, Steve Scalise, Jim Jordan, Biden, that’s, Robert Jimison Organizations: Republicans, Republican, Committee, Education, Minnesota, Credit, The New York Times, Mr, “ Republican, Trump, Caucus, Freedom Caucus, Republican Party, America First Voters Locations: Louisiana, Minnesota, North Carolina, Mike Johnson of Louisiana, Ukraine, Arkansas, American, Byron Donalds of Florida, New York, Ohio

☆ House Republicans have a multimillion dollar fundraising problem with their newest speaker
▼ + stars: | 2023-10-25 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Wednesday, GOP Rep. Mike Johnson became the newest speaker of the House. Now, with new Speaker Mike Johnson at the helm, the party may grapple for some time with how opposite Johnson is from his predecessor. Johnson's sudden rise to becoming speaker comes just over a year before the 2024 election where the Republican Party is aiming to regain control. Neither prediction ultimately came true: Republicans only gained a very slim majority of the House and managed to lose footing in the Senate. Less than two years later, it's now Johnson's responsibility to make sure the Republican Party remains in power.

Persons: Mike Johnson, He's, Mike McCarthy, Nancy Pelosi, Johnson, —, Kevin McCarthy, McCarthy, Pelosi, it's, Louisiana Republican's, he's, House Republicans —, Jeff Miller, Jordan Peterson Organizations: GOP, Service, Republican Party, Capitol, Democratic Rep, House GOP, Federal, Commission, House Republicans, House Republicans — Politico, Republicans Locations: Louisiana

☆ House plans to vote on Mike Johnson for speaker, fourth Republican nominee
▼ + stars: | 2023-10-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. Representative Mike Johnson (R-LA) is surrounded by fellow members as he speaks to reporters after securing the nomination for House Speaker from the Republican conference on Capitol Hill in Washington, October 24, 2023. Republican Rep. Mike Johnson of Louisiana expects to receive a floor vote in the House of Representatives Wednesday on his nomination for speaker. Johnson, the vice chairman of the House Republican conference, is a social conservative who served on former President Donald Trump's legal defense team during his first impeachment. Trump basically endorsed Johnson for speaker in a post on Truth Social Wednesday, encouraging House Republicans to vote for the Louisianan. For example, the Minnesota Republican voted in 2020 to certify President Joe Biden's election victory.

Persons: Mike Johnson, Mike Johnson of, Johnson, Donald Trump's, Tom Emmer, Emmer's, Trump, Emmer, Joe Biden's Organizations: Republican, Capitol, House Republican, Republicans, GOP, Minnesota Republican Locations: Washington, Mike Johnson of Louisiana, Louisiana

☆ Brazil's Lula names new CEO of state-run lender Caixa
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Companies Caixa Economica Federal FollowBRASILIA, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Her replacement, Fernandes, is a former worker at the bank and former director of the Caixa employees' pension fund, Funcef. The CEO appointment comes after months of negotiations with a powerful bloc of lawmakers called "centrao." Fernandes was recommended to Lula by Lower House Speaker Arthur Lira on behalf of the bloc, in exchange for more support in Congress. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Carlos Antonio Vieira Fernandes, Rita Serrano, Serrano, Lula, Fernandes, Arthur Lira, Lisandra Paraguassu, Peter Frontini, Leslie Adler Organizations: Caixa Economica, Caixa Economica Federal, Caixa, Lower, Thomson Locations: BRASILIA, Caixa, Lula

He attached remarks by Johnson praising Louisiana's abortion ban and penalty of "hard labor for 1-10 years" and fines of $10,000-$100,000 for those who perform abortions. The Biden-Harris campaign and other groups circulated and posted images of three bills Johnson has sponsored that the Democrats said would "ban abortion nationwide." Already, six states – Michigan, California, Vermont, Kentucky, Kansas and Montana – have passed referendums that either enshrined abortion rights or rejected efforts to undo the right to abortion. Another referendum, one that would guarantee abortion rights, is on the ballot next month in Ohio. These numbers have Democrats believing they can keep the White House and flip the House – and Johnson has put a face to that effort.

Persons: Joe Biden, Mike Johnson, Johnson, MAGA Mike Johnson’s, Ammar Moussa, Kamala Harris, Donald Trump, Donald Trump’s “, Johnson –, Kevin McCarthy, California –, Nancy Pelosi, Biden, Harris, Don Beyer, Roe, Wade, Marjorie Dannenfelser Organizations: Republican, House Republican Conference, Biden, Louisiana Republican, Republicans, California Democrat, Democratic, Virginia Democrat, Democratic National Committee, Lincoln, Social Security, SBA, Kaiser Family Foundation, White Locations: Louisiana, California, Virginia, America, – Michigan, California , Vermont , Kentucky , Kansas, Montana, Ohio

☆ Mike Johnson elected House speaker, putting Louisiana Republican in the spotlight
▼ + stars: | 2023-10-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Republican Rep. Mike Johnson of Louisiana was elected speaker of the House of Representatives on Wednesday, ending a three-week leadership crisis that has paralyzed Congress. Vice chairman of the House Republican conference and a hard-right conservative, Johnson had maintained a low public profile until he was thrust into the spotlight this week after securing the party's nomination for speaker. Johnson voted against legislation in September that has kept the government running through November, and he has opposed assistance for Ukraine in the past. The Louisiana Republican said earlier this month that the House needs to take all necessary action to help Israel destroy Hamas. Correction: This article has been updated to reflect that Johnson did legal work for the Alliance Defending Freedom.

Persons: Mike Johnson of, Johnson, Johnson —, Hakeem Jeffries, —, Steve Scalise, Jim Jordan of, Tom Emmer, Johnson's, Donald Trump, Joe Biden, Israel, Biden's Organizations: House Republican, GOP, Israel, Republicans, New York Republicans, Ukraine, Louisiana Republican, Alliance Defending Locations: Mike Johnson of Louisiana, Israel, D, Louisiana, Jim Jordan of Ohio, Minnesota, America, Ukraine, Georgia , Pennsylvania, Michigan, Wisconsin

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