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Search resuls for: "adjourn"


4 mentions found


☆ How the House elects its speaker, and why Tuesday's vote could make history
  + stars: | 2023-01-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kyle-Stewart-Circle-Byline-Template.Jpg | Kyle Stewart | ) www.nbcnews.com   time to read: +5 min
While the majority party has elected their nominee on the first ballot over the past century, this year could be different. Members vote "viva voice," meaning they stand when their names are called by a reading clerk and verbally announce who they are voting for. Members can vote for anyone (even people who are not members of the House), vote present, or not vote at all. If every member doesn't show up, or if some vote present instead of supporting a candidate, that decreases what the majority vote needs to be. Political parties are much stronger now than they were then, when House members were often more loyal to their region.
☆ House speaker elections and floor fights, explained
  + stars: | 2022-12-15 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +6 min
Congress can’t really function until it has a House speaker; the position is filled on the first day of a new Congress, January 3, even before members-elect take the oath of office. What’s standing between McCarthy and the speaker of the House position is a handful of conservative lawmakers. This is what people are talking about when they refer to a “floor fight.” It’s when House members require multiple ballots, or votes, to elect their speaker. The process stretched over more than a month and included a sort of inquisition on the House floor of the three contenders. House Speaker Nancy Pelosi was elected with 216 votes in 2021 to kick off the current Congress.
☆ Monte dei Paschi's talks with banks over $2.4 bln cash call drag on - sources
  + stars: | 2022-10-11 | by ( Valentina Za Giuseppe Fonte Pamela Barbaglia | Valentina Za | Giuseppe Fonte | ) www.reuters.com   time to read: +4 min
MPS (BMPS.MI) had scheduled a board meeting on Tuesday to set the terms of an up to 2.5 billion euros ($2.4 billion) share issue, the Tuscan bank's seventh in 14 years after an 8.2 billion euro bailout in 2017. Rocky markets and the size of the cash call, equivalent to more than 10 times MPS' current market value, have complicated talks over the share sale. The banks have long seen it as too risky to bring to the market without a pre-committed core of investors. The new shares will value MPS above healthier peers, exposing underwriters to likely losses on any shares left on their books, bankers and analysts say. On Tuesday, a source with knowledge of the matter told Reuters that MPS had secured some 30 million euros ($29 million) from local not-for-profit banking foundations in its home region.
☆ Digital World Acquisition Corp urges shareholders to delay merger with Trump Media
  + stars: | 2022-09-03 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +4 min
Trump Media and Technology Group and the SPAC have faced increasing scrutiny in recent months. DWAC and Trump Media face a Thursday deadline to complete the merger, and the SPAC is eagerly seeking an extension. Trump Media and Technology Group and Truth Social were founded after Trump was banned from Twitter following the Jan. 6, 2021, Capitol riot. Trump Media announced in October 2021 that it would merge with DWAC to take the company public. Trump Media, headed by Republican former U.S. Rep. Devin Nunes, has said it also plans on launching TMTG News and TMTG+ video streaming services.
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