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☆ Kevin McCarthy's oversight agenda will be 'a recurring skit on SNL' if he makes MAGA cheerleaders Marjorie Taylor Greene and Lauren Boebert investigators: GOP strategists
▼ + stars: | 2022-12-12 | by ( Warren Rojas | ) www.businessinsider.com time to read: +8 min

Reps. Marjorie Taylor Greene and Lauren Boebert want in on the GOP oversight blitz. the Oversight Committee member said of the need to keep congressional probes above board. McCarthy's office has repeatedly told Insider that the House GOP steering committee, which McCarthy leads, will handle assignments for the next Congress "at the appropriate time." Aaron Cutler, a former House GOP leadership aide and now partner at Hogan Lovells, urged House Republicans to avoid "focusing on the wrong things," and to cut bait if needed. Michael Reynolds-Pool/Getty ImagesGiven that some sort of spectacle is probably unavoidable at this point, Roe urged House Republicans to tread carefully.

☆ McCarthy's struggle to lock down House Speaker roils GOP caucus, delays key committee assignments
▼ + stars: | 2022-12-07 | by ( Christina Wilkie | ) www.cnbc.com time to read: +8 min

A spokesman for McCarthy did not respond to questions from CNBC about the committee vote schedule. Instead, both sides have dug in over the past week, telling reporters they're ready to take the fight all the way to the House floor on Jan. 3. "Oh yeah, I'll take the speaker's fight to the floor," McCarthy told reporters in the Capitol recently. "The goal was never to embarrass Kevin McCarthy on the [House] floor, no one wants that," she said. It also prompted McCarthy to issue a long statement condemning her prior remarks, which he said "do not represent the values or beliefs of House Republicans."

☆ Allies of Kevin McCarthy Implore GOP Holdouts to Back Him for Speaker
▼ + stars: | 2022-12-06 | by ( Natalie Andrews | Eliza Collins | ) www.wsj.com time to read: 1 min

WASHINGTON—House Republicans across the ideological spectrum implored some conservative members to drop their efforts to tank GOP leader Kevin McCarthy’s bid for speaker, warning that Democrats could end up selecting the next speaker if the party didn’t unify behind him. In a closed-door meeting on Tuesday morning, lawmakers lined up to voice support for the California Republican. Rep. Marjorie Taylor Greene of Georgia, an outspoken populist ally of former President Donald Trump, enthusiastically backed Mr. McCarthy’s bid, as did Rep. Nancy Mace of South Carolina, who occasionally crosses party lines and has regularly sparred with Mrs. Greene.

☆ Kevin McCarthy Condemns Nick Fuentes, Avoids Directly Criticizing Donald Trump
▼ + stars: | 2022-11-29 | by ( Andrew Restuccia | ) www.wsj.com time to read: 1 min

WASHINGTON—House Minority Leader Kevin McCarthy condemned white nationalist Nick Fuentes but fell short of directly criticizing former President Donald Trump for having dinner with Mr. Fuentes and rapper Kanye West. “I don’t think anybody should be spending any time with Nick Fuentes. He has no place in this Republican party,” Mr. McCarthy told reporters at the White House following a meeting with President Biden and congressional leaders.

☆ Michigan Ends 22 Years of Misery With Road Win Over Ohio State
▼ + stars: | 2022-11-27 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

COLUMBUS, Ohio—The last time Michigan walked out of Ohio Stadium with a win, Cornelius Johnson was 11 days away from being born. His quarterback, J.J. McCarthy, didn’t arrive for over two more years. But under blue skies on Saturday, in front of a sea of scarlet, the 21-year-old receiver and 19-year-old quarterback emphatically slammed the door on two decades of misery as No. 2 Ohio State 45-23. They connected for two long touchdowns, as the Wolverines eventually capitalized on untimely Ohio State penalties and cracked a tight game wide open in the fourth quarter.

☆ The Disney CFO Who Raised Concerns About Bob Chapek Has Respect on the Street
▼ + stars: | 2022-11-25 | by ( Nina Trentmann | Mark Maurer | ) www.wsj.com time to read: +6 min

Christine McCarthy, Walt Disney Co. ’s longtime finance chief, took an unusual step when she expressed a lack of confidence in the chief executive to directors of the entertainment giant. But Ms. McCarthy had raised concerns to Disney directors, The Wall Street Journal reported earlier this week. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Following the leadership shake-up, Disney faces a challenge to regain trust from the street and Ms. McCarthy needs to realign with her old and new chief executive Mr. Iger, analysts said. Age 67, Ms. McCarthy is likely to stay on while Mr. Iger reviews Disney’s strategy and searches for another successor to himself, analysts said.

☆ Who’s That Meditating Under the Goal Post? Michigan’s Quarterback
▼ + stars: | 2022-11-23 | by ( Rachel Bachman | ) www.wsj.com time to read: 1 min

His position requires a keen eye and snap decisions to dodge brutal collisions. But as part of his preparation for it, J.J. McCarthy swears by sitting motionless, breathing slowly, his eyes closed. McCarthy, Michigan’s 19-year-old quarterback, has meditated daily for years. He does it in private, and he does it cross-legged before kickoff on game day, when he said meditation helps him become “completely there, completely present.”

☆ House election results put McCarthy on track for speaker, and Democrats on track for retribution
▼ + stars: | 2022-11-23 | by ( W. James Antle Iii | W. James Antle Iii Is The Washington Examiner'S Politics Editor | Author Of | ) www.nbcnews.com time to read: +8 min

House Minority Leader Kevin McCarthy, likely the chamber’s next speaker, is holding firm to his pledge to strip three liberal Democrats of their committee assignments when the new Congress is seated next year. That’s not sitting well with Democrats, as they are about to enter the House minority for the first time in four years. By breaking tradition and meddling with committee assignments across the aisle, they had to know they were triggering years of partisan tit for tat. Republicans considered punishing her by taking her committee assignments, but Greene apologized for some of her worst statements, and her colleagues relented. Many lawmakers are discovering social media and cable news are a better path to influence than committee assignments.

Appearing with Republicans in El Paso, Texas, House GOP Leader Kevin McCarthy on Tuesday called on Homeland Security Secretary Alejandro Mayorkas to resign for failing to secure the southern border. If Mayorkas does not resign, McCarthy warned, House Republicans will investigate him and his department to determine whether to launch impeachment proceedings. Our country may never recover from Secretary Mayorkas’s dereliction of duty,” said McCarthy, flanked by fellow House Republicans. Many conservatives who are withholding support are insisting that House Republicans impeach Mayorkas when they take power next year. In April," White House spokesman Ian Sams said in a tweet.

☆ Kevin McCarthy Calls on Alejandro Mayorkas to Resign or Face Possible Impeachment Over Border Policy
▼ + stars: | 2022-11-22 | by ( Michelle Hackman | ) www.wsj.com time to read: 1 min

Alejandro Mayorkas has run the Department of Homeland Security since the beginning of the Biden administration. WASHINGTON—House Republican leader Kevin McCarthy called on Homeland Security Secretary Alejandro Mayorkas to resign over his handling of the southern border or else face a possible impeachment inquiry. Mr. McCarthy, the California congressman who is the presumptive next Speaker of the House once Republicans take control of the chamber in January, made the remarks Tuesday alongside several other GOP lawmakers at a press conference in El Paso, Texas.

House Democrats swiftly pushed back at Minority Leader Kevin McCarthy in response to his threat to strip them of their committee assignments if he is elected as speaker. After Republicans narrowly won back control of the House in the midterm elections, McCarthy this weekend doubled down on his pledge to remove several prominent House Democrats from their committee assignments if he becomes speaker. McCarthy said he would not allow Reps. Ilhan Omar, D-Minn., Adam Schiff, D-Calif., and Eric Swalwell, D-Calif., to serve on their committees. “He will adhere to the wishes of the lowest common denominator,” Schiff said when asked about McCarthy’s vow to remove him from the House Intelligence Committee. Removing Democrats from their committee assignments would require a vote of a majority of the House.

As House Speaker Nancy Pelosi said herself, quoting scripture on the House floor Thursday: “For everything there is a season — a time for every purpose under heaven.”For Pelosi, the season to be leader of House Democrats has passed. She’ll continue to represent San Francisco while serving as an invaluable source of guidance and resolve for the next generation of House Democratic leaders. At 82, Pelosi is a historic figure, of course: the first female House speaker and one of the strongest speakers, if not the strongest, that America has ever seen. Yet as a minority in a GOP-run House, Democrats won’t be able to rack up accomplishments like they did in the last two years. There were calls for Pelosi to step aside in 2010 when Democrats lost 60 House seats — a true wipeout.

Senate Minority Leader Mitch McConnell, R-Ky., meets with reporters Wednesday after he fended off a challenge by Sen. Rick Scott, R-Fla., and was re-elected as Republican leader. And we turned off a lot of these centrist voters," McConnell said Wednesday. “Much criticism is being placed on the fact that the Republican Party should have done better. House Minority Leader Kevin McCarthy, R-Calif., speaks after he was nominated to be House speaker on Tuesday. “What I hope we learned from this is you can’t win the general election merely because of your base vote.

WASHINGTON — House Republicans' majority will be smaller than expected, but they're eager to use their new oversight powers and pass a spate of bills to draw contrasts with Democrats and give the Biden administration heartburn. House Minority Leader Kevin McCarthy, R-Calif., joined by Rep. Jim Banks, R-Ind., left, and Rep. Jim Jordan, R-Ohio, in Washington on July 21, 2021. A growing number of Republicans say they have their sights set on impeaching Homeland Security Secretary Alejandro Mayorkas, bashing his handling of the border surge. LegislationDemocrats still occupy the White House, so any legislation Republicans pass on a partisan basis won’t be signed into law by Biden. But House Republicans say they will waste no time showing the parties’ stark differences as they battle for control of the White House in 2024.

☆ Republicans take control of the House, NBC News projects
▼ + stars: | 2022-11-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Republicans will take majority control of the House, NBC News projects, ousting Democrats from key positions of power and complicating President Joe Biden's legislative hopes for the remainder of his term. Despite his weakened standing in the Republican Party, Trump on Tuesday night launched his 2024 presidential campaign. McCarthy won in a 188-31 vote, NBC reported, signaling that the narrow Republican majority in the next Congress may grapple with internal divisions. But it wasn't enough for Democrats to keep their grip on a narrow House majority. Biden's low approval ratings hardly helped Democrats in tough House and Senate races, forcing some to distance themselves from the administration.

☆ Kevin McCarthy Faces First Test in Speakership Bid
▼ + stars: | 2022-11-15 | by ( Natalie Andrews | Eliza Collins | ) www.wsj.com time to read: 1 min

WASHINGTON—House Republicans will choose their leaders for the new Congress on Tuesday, in a vote that could reveal how much resistance Kevin McCarthy faces within his own conference. Mr. McCarthy, the current House Minority Leader, is running to lead his party again in what analysts believe will be the narrowest GOP majority in recent history, and much slimmer than Republican leaders had initially hoped for. Republicans moved forward with selecting a speaker candidate despite the House majority not yet being called by the Associated Press.

☆ Kevin McCarthy Wins GOP Vote for Speaker Post
▼ + stars: | 2022-11-15 | by ( Natalie Andrews | Eliza Collins | ) www.wsj.com time to read: 1 min

WASHINGTON—House Republicans backed Kevin McCarthy as speaker in a closed-door meeting Tuesday, a key step he needs toward winning the gavel, with the result also showing that he has more work to do to win the vote of the full chamber on the floor next year. In January, Mr. McCarthy must win 218 votes in a roll-call vote among all lawmakers present and voting, and with a Republican majority that is expected to be the narrowest in recent history. All Democrats are expected to oppose him.

WASHINGTON — Conservative lawmakers sent a strong message to House Republican Leader Kevin McCarthy on Monday, telling him he doesn't have the votes to be the next speaker. Drew Angerer / Getty Images“We expect there will be a contest tomorrow, that there will be another candidate, and I don’t think anybody’s going to get 218 votes tomorrow,” said Rep. Bob Good, R-Va., who is opposing McCarthy for speaker. Good has said that a number of Republicans will be interested in jumping into the race once they realize McCarthy can’t secure 218 votes on his own. Jordan, the founding chairman of the caucus who unsuccessfully challenged McCarthy for minority leader in 2018, also is backing McCarthy. Period.”Inside the candidates forum on Monday, McCarthy was pressed by Rep. Matt Gaetz, R-Fla., a frequent McCarthy critic, on whether he would work with Democrats to secure 218 votes for speaker.

☆ Kevin McCarthy faces high-wire act as Republicans close in on U.S. House majority
▼ + stars: | 2022-11-15 | by ( David Morgan | ) www.reuters.com time to read: +6 min

As speaker, McCarthy would be well placed to frustrate Democratic President Joe Biden's legislative ambitions. In Republican House leadership elections on Tuesday, McCarthy is expected to overcome a challenge from hard-line conservative Representative Andy Biggs. Republicans fell short of the "red wave" that some had predicted for a comfortable House majority and control of the Senate. The last two Republican House speakers, John Boehner and Paul Ryan, came under varying degrees of pressure from the right flank of the Republican caucus. The Congressional Leadership Fund, a group tied to him, contributed more than $160 million to help Republican House candidates.

☆ Marjorie Taylor Greene says she isn't afraid of a GOP civil war: 'We're going to fight it out'
▼ + stars: | 2022-11-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Marjorie Taylor Greene says she isn't afraid of a GOP civil war. Matt Gaetz, a close ally of Greene's, vowed to not support McCarthy for House GOP leader. I'm telling you — I've always said I'm not afraid of the civil war in the GOP. During her conversation with Bannon, Greene broke with her House Freedom Caucus allies and backed McCarthy's bid for House Speaker. I’m not afraid of the civil war in the GOP.

☆ Marjorie Taylor Greene supports Kevin McCarthy's bid for House speaker, says it's a 'bad strategy' for fellow Republicans to challenge him
▼ + stars: | 2022-11-14 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Rep. Marjorie Taylor Greene expressed support for Rep. Kevin McCarthy's bid for House speaker. Greene criticized the possibility of fellow conservative Republicans challenging McCarthy. Cheney, a staunch critic of former President Donald Trump, lost her reelection, but could technically become House speaker if she receives enough votes, though such a move is uncommon. The current opposition to McCarthy could be a sign of more internal division to come under a House Republican majority. Greene, also a member of the House Freedom Caucus, had previously voiced concerns about McCarthy's leadership after House Democrats removed her from her committee assignments last year in light of her past inflammatory statements.

☆ Take a look inside this 'Hobbit'-inspired tiny home village that's already made $120k on Airbnb
▼ + stars: | 2022-11-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +1 min

Joe McCarthy and Justin Kersey created a "Hobbit"-inspired tiny home village for Airbnb renters. They spent nearly $500,000 on the tiny homes that are now proving popular with tourists. Take a look at the homes that are starting to generate passive income for McCarthy and Kersey. A pair of real estate investors took a niche approach to building a money-making portfolio: going all in on tiny homes and taking a little inspiration from "The Hobbit." Tiny homes are proliferating as a minimalist and inexpensive way of living, and are increasingly used as Airbnb properties.

☆ Disney plans targeted hiring freeze and job cuts, according to memo
▼ + stars: | 2022-11-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +6 min

Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. "We are limiting headcount additions through a targeted hiring freeze," CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. Your segment leaders and HR teams have more specific details on how this will apply to your teams." Your segment leaders and HR teams have more specific details on how this will apply to your teams. The taskforce will drive this work in partnership with segment teams to achieve both savings and organizational enhancements.

☆ Matt Gaetz mocked GOP leadership over the midterms, dubbing Mitch McConnell, Kevin McCarthy, and Ronna McDaniel a 'McFailure'
▼ + stars: | 2022-11-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Matt Gaetz blasted several top GOP leaders as vote counts for the midterms draw to a close. McFailure," tweet Gaetz, meaning Senate Minority Leader Mitch McConnell, House Minority Leader Kevin McCarthy, and Republican National Committee Chairwoman Ronna McDaniel. Gaetz's tweet laid part of the blame on McCarthy, McConnell, and McDaniel. McDaniel has publicly had warmer ties with Trump in recent years than McConnell and McCarthy. Nor did representatives for McCarthy, McConnell, and McDaniel.

☆ What Cramer is watching Tuesday — possible GOP gains, Nvidia bounces, Kohl's CEO out
▼ + stars: | 2022-11-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Lyft (LYFT) downgraded to in line from outperform (hold from buy) at Evercore, one of many negative Wall Street notes. Price target cuts: Credit Suisse to $122 per share from $137 and Baird to $120 from $140. Raymond James cuts price target on Palantir (PLTR) to $15 per share from $20 but has strong buy. Meanwhile, multiple price cuts on Celanese. Mizuho cut price target on cloud data provider Snowflake (SNOW) to $185 per share from $225 but keeps buy rating.

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