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☆ 'Real Bad with a capital B': Ex-prosecutor says Trump should be worried after former lawyers agree to plea deals and turn on him
▼ + stars: | 2023-10-20 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

A former prosecutor saidTrump should be worried about his ex-attorneys' plea deals in Georgia. Sidney Powell and Kenneth Chesebro struck deals in the Georgia 2020 election interference case. He emphasized that it's "real bad with a capital B" for Trump. Additionally, Bederow said, the plea deals will likely bolster the public's perception in the legitimacy of the charges and could prompt other co-defendants in the case to turn on Trump. Trump's team downplayed the significance of the plea deals in a statement.

Persons: saidTrump, Sidney Powell, Kenneth Chesebro, Trump, —, Donald Trump, Mark Bederow, Bederow, Nobody, it's Trump, Powell, Rudy Giuliani, Jenna Ellis, Mark Meadows, Chesebro, Fani Willis, they're, deprives Trump, Steve Sadow, Grace Goodwin Organizations: Service, Trump, New York City, White House, GOP, Getty, Fulton, intel Locations: Georgia, New York, Fulton County, Manhattan, Powell, Fulton

☆ Treasury yields are sky high. Here's why you should care
▼ + stars: | 2023-10-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

It’s no longer “higher for longer,” said Steve Sosnick, chief strategist at Interactive Brokers, it’s just “high for long.”What’s happening: 10-year Treasury yields are flirting with 5% for the first time since 2007, before the global financial crisis. It also means more expensive mortgage rates. Mortgage rates tend to track the yield on 10-year US Treasuries. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. Fed officials, including Powell, have indicated that rates could be high enough to help lower inflation towards their target goal of 2%.

Persons: ”, Steve Sosnick, Rob Almeida, Powell, they’re, Jerome Powell, Paul McCartney, Darrell Cronk, Anna Bahney, —, ” Lawrence Yun, Snapchat isn’t, Snapchat, Clare Duffy, Evan Spiegel Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Interactive, MFS Investment Management, US Treasury, Treasury, Economic, of New, Financial, “, National Association of Realtors, NAR, Twitter Locations: New York, Ukraine, of New York, Wells Fargo, Northeast, Midwest, South, homeownership

That was the discussion," Republican Representative Vern Buchanan told reporters. House Democrats and the White House have said they are open to that idea, but many Republicans rejected it. "At this point, we're not going to have any kind of other resolution on this," said Republican Representative Blaine Luetkemeyer. 2 House Republican Steve Scalise last week. One of those, Representative Drew Ferguson, said in a statement on Thursday: "The House Republican Conference does not need a bully as the speaker."

Persons: Jim Jordan, Russell Dye, Jordan, Vern Buchanan, he's, Kevin McCarthy, Patrick McHenry, we're, Blaine Luetkemeyer, Joe Biden, Leah Millis, Republican Steve Scalise, Drew Ferguson, McCarthy, shutdowns, Biden's, Biden, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Nandita Bose, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Nick Zieminski, Grant McCool, Deepa Babington Organizations: U.S . House, Republicans, Republican, Democrats, Democratic, Republican Conference, U.S, Capitol, REUTERS, AS, House Republican Conference, White, Thomson Locations: Ukraine, Israel, Washington , U.S, Washington

Jordan, who has lost two votes for speaker this week, emerged from an hours-long closed-door meeting with fellow Republicans to say he would press ahead with a third vote. It was not clear when the House would vote again on a speaker. House Democrats and the White House have said they are open to that idea, but many Republicans rejected it. He told fellow Republicans on Thursday that he would drop out of the speaker's race if his opponents were unmoved after talking with him, two lawmakers said. One of those, Representative Drew Ferguson, said in a statement on Thursday: "The House Republican Conference does not need a bully as the speaker."

Persons: Jim Jordan, Jordan, House Pro Tempore Patrick McHenry, Kevin McCarthy, Patrick McHenry, we're, Blaine Luetkemeyer, Joe Biden, Republican Steve Scalise, Drew Ferguson, McCarthy, shutdowns, Biden's, Biden, David Morgan, Makini Brice, Moira Warburton, Katharine Jackson, Nandita Bose, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Nick Zieminski, Grant McCool Organizations: U.S . House, House Pro Tempore, Republicans, House Democrats, Democratic, AS, Republican, House Republican Conference, White, Democrats, Thomson Locations: WASHINGTON, Ukraine, Israel, Washington

Asked what he expected as he entered a closed-door meeting with other Republicans, Jordan said only, "I'm not gonna know until I talk to my colleagues." "I can't believe we're going down this route," Republican Representative Jim Banks said. AFTERNOON VOTE POSSIBLEThe House could vote on that proposal in the afternoon, said Republican Representative Marjorie Taylor Greene, who said she does not support it. "Right now the Republican agenda, conservative agenda, is totally derailed," said Republican Representative Mario Diaz-Balart, a Jordan opponent. 2 House Republican, won his party's endorsement last week but dropped out after he was unable to consolidate support.

Persons: House Pro Tempore Patrick McHenry, Jim Jordan, Republican Patrick McHenry, Jordan, McHenry, Kevin McCarthy's, Joe Biden, Jim Banks, Marjorie Taylor Greene, Donald Trump, Mario Diaz, Kevin McCarthy, Steve Scalise, Don Bacon, undercutting, Jordan's, shutdowns, Joe Biden's, Biden, David Morgan, Moira Warburton, Makini Brice, Katharine Jackson, Davide Barbusca, Julio, Cesar Chavez, Andy Sullivan, Scott Malone, Grant McCool, Nick Zieminski Organizations: House Pro Tempore, U.S . Rep, U.S . House, Representatives, Republican, Republicans, Democratic, U.S, White, Democrats, Thomson Locations: WASHINGTON, Washington, Ukraine, Israel

I haven't seen it like this before," said Republican Representative Brian Babin, who voted for Jordan. A small group of Republicans ousted McCarthy from the speaker's chair on Oct. 3, and the chamber's No. "We need a plan more than a person right now," said Republican Representative Bruce Westerman, who also voted for Jordan. Democrats and two past Republican House speakers have backed that idea, but McHenry himself has not. "Intimidating and threatening tactics do not - and will not - work," Republican Representative Mike Simpson wrote on social media.

Persons: Evelyn Hockstein, Jim Jordan, Donald Trump, Kevin McCarthy, McCarthy, Jordan, Brian Babin, Steve Scalise, Bruce Westerman, Patrick McHenry, Hakeem Jeffries, who's, MAGA, Jeffries, McHenry, you've, Steve Womack, shutdowns, Joe Biden's, Biden, undercutting, Mike Simpson, David Morgan, Moira Warburton, Makini Brice, Katharine Jackson, Andy Sullivan, Scott Malone, Grant McCool Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, Ohio, Republicans, Republican, Democrats, Lawmakers, White, Senate, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Ohio, Washington

☆ Opinion: Jim Jordan’s pressure campaign backfired
▼ + stars: | 2023-10-19 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

Over the past few days, Jordan tried to pressure fellow Republicans into voting for him. He mounted an intense campaign over the weekend to whip up the vote and undermine support for Louisiana Republican Steve Scalise. Arkansas Republican Steve Womack decried the “attack, attack, attack” methods that Jordan has been using. Within the GOP, Jordan has not been a figure who is well loved. At a potential turning point moment for the party, Jordan doesn’t have many chits he can call in to round up the votes.

Persons: Julian Zelizer, Jim Jordan’s, speakership, Jordan, Louisiana Republican Steve Scalise, Arkansas Republican Steve Womack, ” Womack, Donald Trump, Trump, MAGA, shutdowns, –, John Boehner, Newt Gingrich, Patrick McHenry –, hasn’t, don’t, Jordan doesn’t Organizations: CNN, Princeton University, New York Times, America, Twitter, Louisiana Republican, Arkansas Republican, Republican, Trump, Tea Party, Fox News, GOP, Ohio State University Locations: Arkansas, legislating, New York

The House is tentatively set to convene sometime Thursday afternoon for Jordan to try again. The impasse has left some Republican lawmakers settling in for a protracted stretch without a House speaker. Political Cartoons View All 1211 ImagesWhat was clear was that Jordan's path to become House speaker was almost certainly lost. “The way out is that Jim Jordan has got to pull his name," said Rep. Don Bacon, R-Neb., who voted twice against him. With Republicans in majority control of the House, 221-212, Jordan must pick up most of his GOP foes to win.

Persons: —, Jim Jordan, Donald Trump, Jordan, “, ”, Kevin Hern, Patrick McHenry, ” Jordan, Kevin McCarthy, Don Bacon, “ He’s, McCarthy, Hakeem Jeffries, Steve Scalise, Newt Gingrich, John Boehner, ” Jeffries, McHenry, ” McHenry, Joe Biden, Mariannette Miller, Meeks, Biden, Scalise, Boehner, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republican, GOP, Republicans, Capitol, Democratic, Trump, Biden, Ohio State University, Ohio State, Associated Press Locations: R, Ohio, Israel, Jordan, New York, McHenry, Iowa, Ukraine

☆ Welcome to the revenge of the Republicans you've never heard of before
▼ + stars: | 2023-10-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Rep. Jim Jordan's speakership bid has been thwarted — for now. Call it the revenge of the Republicans you've never heard of — the ones who aren't regularly featured on Fox News, who don't have massive social media followings, and who aren't known for styling themselves as right-wing crusaders. If Jordan's speakership bid ultimately fails, it will signify a stunning turnaround for a party that's been in thrall to its loudest voices since the ascent of Donald Trump in 2015. AdvertisementAdvertisement81 House Republicans — more than a third of the conference — voted for him anyway. 20 House Republicans voted against him on Tuesday, 22 voted against him on Wednesday, and even more were expected to vote against him on a potential third vote.

Persons: Jim Jordan's speakership, —, Kevin McCarthy's, Matt Gaetz, Gaetz's, Jim Jordan, Republican holdouts, Republicans you've, aren't, McCarthy, Gaetz, Pro Tempore Patrick McHenry —, Jordan's, that's, thrall, Donald Trump, Austin Scott, Austin Scott of, Jordan, Scott, Republican who's, Steve Scalise's, Scalise, underscoring, Lauren Boebert, wasn't, Republicans —, — Gaetz, Chip Roy, Paul Gosar of, Kay Granger, Republicans who’s, Anna Moneymaker, Anthony D'Esposito, Steve Womack, who's, Sean Hannity, they've, Jordan hasn't, Austin Scott's, Jack Bergman, Tom Williams, Jack Bergman —, General Bergman, James Hogge, Dan Meuser Organizations: Republicans, Service, Rep, —, Republican, Fox News, Ohio Republican, Pro Tempore, North Carolina —, GOP, Democrat, Georgia Republican, Freedom Caucus, New York Republicans, Republican Governance Group, Trump, Images Locations: Florida, Ohio, North Carolina, Austin Scott of Georgia, Colorado, Boebert, Texas, Paul Gosar of Arizona, Kay Granger of Texas, Arkansas, @RepKayGranger, Pennsylvania

☆ The GOP's congressional chaos deepens as Jim Jordan holds off on 3rd vote for Speakership
▼ + stars: | 2023-10-19 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Jim Jordan won't hold a third vote to become Speaker of the House. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Twenty-two Republicans voted against Jordan, sending him below the 200-vote threshold that former House Speaker Kevin McCarthy of California always managed to surpass during his own marathon, 15-round speakership fight in January. Six of the 18 Republicans that represent districts President Joe Biden won in 2020 voted against Jordan. Jordan will almost certainly remain chairman of the House Judiciary Committee, a post from which he has led the GOP's efforts to impeach Biden.

Persons: Jim Jordan, Pro Tempore Patrick McHenry, —, Jordan, Pro Tempore Patrick McHenry of, He'll, Kevin McCarthy of, Hakeem Jeffries, Joe Biden, Kay Granger, Steve Scalise, wouldn't, renominating McCarthy, McHenry, Tom Emmer, CNN's Manu Raju, Biden Organizations: Pro Tempore, Service, New York Times, Washington Post, Times, Democratic, Republicans, Jordan Locations: Ohio, Pro Tempore Patrick McHenry of North Carolina, Kevin McCarthy of California, New York, Kay Granger of Texas, Louisiana, Minnesota, McHenry

☆ Republican path to elect House speaker unclear after party rejects Jim Jordan in two separate votes
▼ + stars: | 2023-10-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The House of Representatives remained leaderless on Thursday without a clear path to elect a speaker after Rep. Jim Jordan's bid to secure the gavel failed in two consecutive votes this week. Jordan has said he plans to remain in the speaker race, but his bid appears dead in the water with more than 20 Republicans opposed to him assuming leadership of the chamber. Jordan has said he will remain in the race "until we get a speaker." Republicans have a narrow majority in the House, which means Jordan or any other GOP candidate can only afford to lose four votes within the party. There is discussion among some Republicans about empowering Rep. Patrick McHenry of North Carolina as speaker until the party can coalesce around a permanent replacement.

Persons: Jim Jordan's, Jordan, Steve Scalise, Patrick McHenry of, McHenry, Kevin McCarthy of Organizations: Republicans, Republican Locations: Louisiana, Patrick McHenry of North Carolina, Kevin McCarthy of California

U.S. Rep. Jim Jordan (R-OH) (R) talks to Speaker Pro Tempore Rep. Patrick McHenry (R-NC) as the House of Representatives prepares to hold a vote on a new Speaker of the House at the U.S. Capitol on October 18, 2023 in Washington, DC. Rep. Jim Jordan of Ohio will back a plan to empower interim House Speaker Patrick McHenry until January, sources told NBC News and CNBC Thursday. The plan to temporarily empower McHenry to oversee the passage of legislation would act as a bridge until the deeply divided Republican conference can coalesce around a permanent replacement. Rep. David Joyce of Ohio said earlier this week that he plans to introduce a resolution to empower McHenry so the House can move forward with urgent business. But another source cautioned that the plan to temporarily empower McHenry may not have enough votes in the House.

Persons: Jim Jordan, Patrick McHenry, McHenry, Joe Biden, David Joyce, Ohio, Jordan, Kevin McCarthy of California, Steve Scalise, McCarthy Organizations: Rep, Pro Tempore, U.S, Capitol, Washington , DC, NBC News, CNBC, Democratic, NBC, House Republicans, GOP, Republican Locations: Washington ,, Ohio, Israel, Louisiana

CNN —The House remains paralyzed with no end in sight to the Republican leadership crisis as GOP Rep. Jim Jordan of Ohio continues his bid for speaker despite facing stiff resistance. The House could hold a third vote for speaker as soon as Thursday afternoon, though no vote has been officially scheduled yet. Tensions are rising among House Republicans as pressure grows to find a way to resolve the standoff. Some of Jordan’s opponents have predicted that the Ohio Republican will lose even more support in Thursday’s speaker vote. There were four new Republican votes against Jordan and two that flipped into his column.

Persons: Jim Jordan of Ohio, Jordan, Wednesday’s, Kevin McCarthy, McCarthy, Steve Scalise’s, Patrick McHenry of, Donald Trump Organizations: CNN, Republican, GOP, Ohio Republican, Republicans, Caucus, Judiciary Committee Locations: Patrick McHenry of North Carolina, Jordan

The anonymous text messages warned her husband – who has been a vocal holdout against Jordan – to back the Ohio Republican. Jordan on Wednesday condemned the death threats, saying “it’s just wrong.”“It should never happen,” Jordan said as he left his office Wednesday night. Womack derided what he called the “attack, attack, attack” tactics of Jordan allies against his Republican opponents. “Frankly, just based on what I’ve been through – I can only speak to myself and what my staff has been through over the last 24 or 48 hours – it is obvious what the strategy has been: Attack, attack, attack. There have also been pro-Jordan robocalls targeting voters in Rep. Carlos Gimenez’s district as well as other members’ district, according to the Florida Republican’s office.

Persons: Jim Jordan’s, Mariannette Miller, Meeks, Kay Granger, Nick LaLota, Steve Womack, Arkansas, there’s, Don Bacon’s, –, Jordan –, “, ”, won’t, ” Jordan, Kevin McCarthy’s, Jordan, “ it’s, “ It’s, It’s, Womack, Carlos Gimenez’s, Gimenez, McCarthy, Steve Scalise’s, Scalise Organizations: CNN, GOP, . New York Rep, ”, Nebraska Rep, Ohio Republican, House Republican, Wednesday, Republicans, Conservative, Republican, Rep Locations: Iowa, Jordan, ’, Florida

☆ Shein, the fast fashion darling mulling a U.S. IPO, opens up about forced labor, data privacy
▼ + stars: | 2023-10-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +16 min

The committee is investigating Shein over concerns that Uyghur forced labor is being used in its supply chain and has gone undetected because of the de minimis provision. The committee has not yet drawn conclusions about forced labor in Shein's supply chain. When asked about claims of forced labor in Shein's supply chain, Claure told CNBC he doesn't "believe those allegations are correct." However, forced labor can still show up in other parts of the supply chain, said Chloe Cranston, the head of thematic advocacy programmes at Anti-Slavery International. In 2022, 11% of audits turned up "zero tolerance violations," including child labor, forced labor and wage violations, and 28 suppliers were terminated as a result, according to the company.

Persons: Elham Ataeiazar, Shein, Donald Tang, Matt Kennedy, they're, they've, Mike Gallagher, Elise Stefanik, Steve Scalise, Chip Somodevilla, we're, Marcelo Claure, Claure, Ralph Lauren, Rupert Hodges, Oritain, Chloe Cranston, Cranston, It's, it's, Shang, Jin Wei, Wei, Austin Knudsen, Chris Xu, Jade Gao, Knudsen, Gary Gensler Organizations: Wall, Bear, Chinese Communist Party, U.S, Renaissance Capital, CNBC, Bloomberg, Nike, Adidas, Republican National Committee, Washington , D.C, D.C, Target, Costco, Visual China, Getty, Workers, Columbia University's, Communist, CCP, Microsoft, AFP, U.S . Securities, Exchange Locations: Bear Stearns, U.S, China, Beijing, Xinjiang, Washington ,, Washington, Singapore, Nanjing, United States, Chinese, Guangzhou, Brazil, Turkey, India, Mexico, Montana

The vote for House speaker, once a formality in Congress, has devolved into another bitter showdown for the gavel. Bipartisan groups of lawmakers have been floating ways to operate the House by giving greater power to the interim speaker, Rep. Patrick McHenry, R-N.C., or another temporary speaker. The House had never ousted its speaker before McCarthy, and the lawmakers are in rarely tested terrain. “We can’t sit around and suck our thumbs and hope the world will wait until the House Republicans get their act together,” Gingrich told Fox News' Sean Hannity on his show. “Jim Jordan will be a great speaker,” the former president said outside a courthouse in Manhattan, where he is facing business fraud charges.

Persons: —, Jim Jordan, Donald Trump, Jordan, Jordan's, Kevin McCarthy, “ We're, ” Jordan, Hakeem Jeffries, Jeffries, Patrick McHenry, McCarthy, ”, Newt Gingrich, ” Gingrich, Sean Hannity, John Boehner, “, Hannity, “ Jim Jordan, Joe Biden, Jordan’s, Don Bacon, Murmurs, Steve Scalise, Mario Diaz, appropriator, Ken Buck, Biden, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Capitol, Democratic, GOP, Republican, Fox News, Trump, Democrat, Biden, Caucus, Ohio State University, Associated Press Locations: Ohio, New York, R, Manhattan, Ken Buck of Colorado, Jordan, Ukraine, Israel

☆ Jim Jordan should step aside from speaker race, Chris Christie says
▼ + stars: | 2023-10-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Rep. Jim Jordan should get ready to move on, according to fellow Republican Chris Christie. "My own party looks childish," Christie said on "Squawk on the Street," regarding the disarray among House Republicans. Christie predicted that Jordan would fail to convert enough of the 20 House Republicans who voted against him in the first ballot Tuesday. Jordan in that initial vote won just 200 of the 217 votes he needed to become speaker. You know, we have Israel aid, Ukraine aid, aid to Taiwan, border security and a budget all to get done.

Persons: Jim Jordan, Chris Christie, Jordan, gavel, Christie, who's, He's, Steve Scalise, Patrick McHenry, Kevin McCarthy, Donald Trump, Trump, Ron DeSantis, Vivek Ramaswamy Organizations: CNBC, Ohio Republican, Republicans, Republican, Florida Gov Locations: Ohio, Ukraine, Taiwan, R

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

☆ Jim Jordan's House speakership bid on the ropes ahead of second vote
▼ + stars: | 2023-10-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

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

☆ 22 House Republicans voted to sink Jim Jordan's speakership bid for the second time — even more than the first time
▼ + stars: | 2023-10-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

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

☆ For Republicans, Plan D in the House speaker crisis could require Democrats
▼ + stars: | 2023-10-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

Hardline Republicans axed Rep. Kevin McCarthy, the man who spent years orchestrating his rise to become House speaker, after he relied on Democrats to help pass a short-term funding bill to keep the government open last month. When McCarthy got the boot, McHenry was elevated to become the powerless temporary speaker – known as speaker pro tempore – able to keep the House in session but not to pass any legislation. The mechanism for such an arrangement could be a simple resolution giving McHenry the temporary power to move appropriations legislation. I asked her by email about why having a temporary speaker would be appealing, and she suggested it’s not a good option, but maybe the least bad option in the face of an institutional leadership crisis. In fact, Postell predicted an even more partisan atmosphere if the House speaker was to permanently become a less powerful position.

Persons: you’ve, here’s, Kevin McCarthy, McCarthy’s, Steve Scalise, McCarthy, Scalise, He’ll, Jim Jordan, couldn’t, Sean Hannity, Jordan, Patrick McHenry, McHenry, –, Mike Lawler, CNN’s Manu Raju, Jordan’s, Newt Gingrich, John Boehner, Paul Ryan –, ” Gingrich, Raju, Hakeem Jeffries, ”, Jeffries, ” Jeffries, Sarah Binder, it’s, ” Binder, bipartisanship, Joseph Postell, Postell, ” Postell Organizations: CNN, Republicans, Caucus, Fox News, ’, Republican, Israel, ”, New York Republican, Republican House, McHenry, Representatives, Brookings Institution, George Washington University, Democrats, Hillsdale College Locations: McHenry, “ America

"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

☆ VIEW Canada's annual inflation cools in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +4 min

TORONTO, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. "It's pretty clear that (the central bank) won't be raising rates in my opinion in October. I think if we had gotten another inflation print like August in September - that was the big risk to have another hike. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK"I think on a trend basis, the Bank of Canada is behind the inflation wage cycles.

Persons: CLAIRE FAN, MICHAEL GREENBERG, FRANKLIN TEMPLETON, JULES BOUDREAU, MACKENZIE, There's, They'll, DEREK HOLT, Divya Rajagopal, Steve Scherer, Fergal Smith, Denny Thomas Organizations: TORONTO, Statistics, ROYAL BANK, CANADA, Bank of Canada, Business Outlook Survey, ECONOMICS, SCOTIABANK, Thomson Locations: Statistics Canada

Republicans control the House by a narrow 221-212 margin, and all Democrats are expected to vote against him. At least seven Republicans are expected to vote against Jordan, which would leave him short of the 217 votes he needs. "Jim is a tough person and is going to almost prosecute our conservative agenda through America," said Republican Representative Mark Alford. Should Jordan's bid for speaker stall, Republican rivals have identified several alternative candidates, including McHenry, who is presiding over the speaker vote, and No. 3 House Republican Tom Emmer.

Persons: Jim Jordan, Evelyn Hockstein, Republican Jim Jordan, Jordan, Kevin McCarthy, Juan Ciscomani, holdouts, McCarthy, Marc Molinaro, Joe Biden, Jim, Mark Alford, Donald Trump, Ted Lieu, Hakeem Jeffries, Patrick McHenry, decry, John Boehner, Steve Scalise, We've, Don Bacon, McHenry, Republican Tom Emmer, David Morgan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Gerry Doyle, Jonathan Oatis Organizations: Republicans, Capitol, REUTERS, Rights, House, Republican, U.S ., Caucus, Democrats, Tuesday, New, New York Republican, Democratic, Senate, Security, Committee, Biden, Ohio State University, Thomson Locations: Washington, U.S, Ohio, Israel, Ukraine, tangling, New York, America

"I felt good walking into the conference; I feel even better now," Jordan, 59, told reporters after meeting with House Republicans for two hours on Monday evening. Eight House Republicans engineered McCarthy's ouster three days after he cut a Sept. 30 deal with Democrats to keep the federal government funded through Nov. 17. Some of Jordan's hardline allies urged their followers to launch pressure campaigns against any Republican representatives who voted against him on Tuesday. House Democrats recoiled at the prospect of Jordan rising to become the chamber's leader. 3 House Republican Tom Emmer, conservative Representative Kevin Hern and acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Evelyn Hockstein, Jordan, Kevin McCarthy, Jim, …, Marc Molinaro, Democrats recoiled, MAGA, Katherine Clark, Donald Trump's, Joe Biden, decry, John Boehner, McCarthy, Steve Scalise, We've, Don Bacon, Republican Tom Emmer, Kevin Hern, Patrick McHenry, David Morgan, Makini Brice, Moira Warburton, Andy Sullivan, Scott Malone, Gerry Doyle Organizations: Republicans, Capitol, REUTERS, Rights, U.S . House, U.S ., Caucus, Democrats, Republican, New York Republican, Committee, Ohio State University, Thomson Locations: Washington, Ohio, Israel, Ukraine, tangling, America

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