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☆ Don Bacon Explains the Chaos in the Republican House - The New York Times
▼ + stars: | 2023-10-19 | by ( Jane Coaston | ) www.nytimes.com time to read: +2 min

You talked in your campaign for the House about your conservative values. The Freedom Caucus they see themselves as defenders of conservative values. Well, some of the stuff I read today sounds parallel to that, too. I’m getting all the stuff sent to me, and it’s just not true. If you find out that Ukraine sent weapons to Hamas, would you tell me?

Persons: it’s, There’s, They’re, I’m Organizations: Caucus, Freedom Caucus, Republicans, Criminal, Party Locations: Europe, Ukraine

☆ 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

WASHINGTON (AP) — The House plans to return for a second round of balloting for House speaker on Wednesday morning as Jim Jordan fights to win over his many holdouts for the job to replace the ousted Kevin McCarthy. The House had never ousted its speaker before Kevin McCarthy, and the lawmakers are in rarely tested terrain. Two former Republican House speakers, Newt Gingrich and John Boehner, have come out in support of the idea. Gingrich said that while he likes Jordan, he has “no faith” the nominee can get much beyond the 200 votes he won in the first vote. Both were chased to early retirement by threats of ouster from right-flank insurgents like those who toppled McCarthy.

Persons: Jim Jordan, Kevin McCarthy, Jordan, Jim Jordan’s, McCarthy, Patrick McHenry of, Newt Gingrich, John Boehner, Gingrich, ” Gingrich, Fox News ’ Sean Hannity, Boehner, “ Organizations: WASHINGTON, Republican, Trump, GOP, Republican House, Republicans, Fox News Locations: Patrick McHenry of North Carolina

The U.S. Capitol is seen at sunrise as Republican House members will today continue their search to find a House speaker following the ouster of Kevin McCarthy, in Washington, U.S., October 13, 2023. The House of Representatives has drifted leaderless for 12 days since eight of its 221 Republicans ousted Speaker Kevin McCarthy. Some House Republicans voiced frustration and anger that they have gone so long without being able to choose a leader. Our adversaries are watching what we do and ... quite frankly, they like it," said Republican House Foreign Affairs Committee Chairman Michael McCaul. Former President Trump, the frontrunner for the 2024 Republican nomination, has at times been a cheerleader for the chaos.

Persons: Kevin McCarthy, Kevin Lamarque, Donald Trump's, Israel, hardliner Jim Jordan, Joe Biden, Michael McCaul, McCaul, Trump, Zach Nunn, Nunn, Pete Aguilar, Tommy Tuberville, Tuberville, Vladimir Putin, Elizabeth Hoffman, William Hoagland, Congress doesn't, Scott Perry, Richard Cowan, Patricia Zengerle, Scott Malone, Cynthia Osterman Organizations: U.S, Capitol, Republican, REUTERS, Rights, U.S ., Hamas, Republicans, Democratic, House, Republican House Foreign, Reuters, Israel, Democrats, House Democratic, Pentagon, Center for Strategic & International Studies, Center, Congress, Caucus, Thomson Locations: Washington , U.S, East, Ukraine, Washington, Middle, Israel, Gaza, Iowa, Des Moines

CNN —A number of House Republicans are in talks to block Rep. Jim Jordan’s path to the speakership as the Ohio Republican tries to force a floor vote on Tuesday, according to multiple GOP sources. The GOP source said that Jordan may decide to go to multiple ballots on the floor if necessary. Video Ad Feedback Republican's claim about Jim Jordan stuns Jake Tapper 01:07 - Source: CNNYet there is still sizable opposition to Jordan. Video Ad Feedback What's going on with the House GOP? That means Jordan or any other Republican nominee can only afford to lose four GOP votes on the floor if every Democrat votes for House Minority Leader Hakeem Jeffries.

Persons: Jim Jordan’s, Jordan, I’ve, “, Katherine Clark, Jim Jordan, Jake Tapper, Kevin McCarthy, Steve Scalise, ”, Scalise, –, Hakeem Jeffries, Dan Crenshaw, ” Crenshaw Organizations: CNN, Republicans, Ohio Republican, Republican, GOP, Jordan’s, CNN’s, Union Locations: Ohio, Texas, CNN’s “ State

The world has changed since Biden visited a familiar place to talk up familiar topics, though. Other domestic matters also are competing for political attention, with the fight over choosing the next Republican House speaker potentially imperiling continued U.S. aid to Ukraine and a United Auto Workers strike entering its fifth week. Biden's reelection campaign has joined the White House in stressing that being president always means juggling multiple pressing concerns. Whatever the message, the president can help himself politically Friday just by staying focused on Pennsylvania, said longtime Democratic strategist Robert Shrum. He returned to Philadelphia in July, visiting a shipyard where he talked up how organized labor would lead a major push toward embracing green energy.

Persons: Joe Biden, he'll, Biden, Hunter, ” Cathal Nolan, Nolan, Donald Trump, Kamala Harris, you’ve, ”, Joel Rubin, Bernie Sanders, Benjamin Netanyahu, “, ” Biden, Rubin, Biden's, Karine Jean, Pierre said, Biden “, Israel ”, Jean, Robert Shrum, ” Shrum, he's, Mustafa Rashed Organizations: WASHINGTON, Biden, Hamas, Republican, United Auto Workers, Institute, Boston University, Obama, State Department, Israeli, Islamic, J, White, Associated Press, NORC, for Public Affairs Research, Democratic, ALF, Labor Locations: Pennsylvania, Philadelphia, Israel, Gaza, Ukraine, America, Colorado, U.S, Washington, Maryland, Georgia, Arizona, Wisconsin, Michigan, Scranton , Pennsylvania

☆ House speaker race injects chaos into high-dollar Republican fundraising
▼ + stars: | 2023-10-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Kevin Lamarque | ReutersThe messy race to elect the next Republican speaker of the House of Representatives is injecting chaos into the typically genteel world of high-dollar GOP fundraising, threatening to disrupt a vital element of the Republican strategy to maintain its House majority. One faction of wealthy donors is intent on exacting revenge on the eight Republicans who voted with Democrats to oust former speaker Kevin McCarthy, according to people familiar with the matter. They're all saying, 'don't give, don't raise any money,'" a Republican fundraiser said. "If you have scheduled a fundraiser for any Republican House member who refuses to vote for Scalise, cancel it. Losing Kevin McCarthy will be damaging for fundraising," a longtime Wall Street Republican fundraiser said.

Persons: Kevin McCarthy, Kevin Lamarque, Andy Sabin, Sabin, Matt Gaetz, McCarthy, Nancy Mace, Win Mcnamee, Steve Scalise, Scalise, Eric Levine, Saul Loeb, Eiseman Levine, Levine, Joanne Zervos, McCarthy's, Zervos Organizations: Capitol, Republicans, GOP, Republican, CNBC, U.S, Getty, Republican House, AFP, New, Wall Street Republican, U.S . Rep, U.S . House Locations: Washington , U.S, Florida, South Carolina, California, Washington , DC, Louisiana, New York

Oct 11 (Reuters) - U.S. Federal Reserve Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank "watch and see" if its own policy rate needs to rise again or not. We will see how those higher rates feed into what we do on policy in the coming months." Waller's comments added weight to similar statements this week by Fed Vice Chair Philip Jefferson and Dallas Fed President Lorie Logan. Still, Waller offered some of the most optimistic reads yet on the path of inflation. "We're finally getting very good inflation data," he said.

Persons: Christopher Waller, Waller, Paul Ryan, Philip Jefferson, Lorie Logan, We're, Howard Schneider, Andrea Ricci Organizations: . Federal, Republican, Wisconsin, Dallas Fed, Treasury, Reuters, Thomson Locations: Utah

☆ Kevin McCarthy’s Ouster Could Imperil Republican House Seats in 2024
▼ + stars: | 2023-10-09 | by ( Eliza Collins | Christine Mai-Duc | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/elections/kevin-mccarthys-ouster-could-imperil-republican-house-seats-in-2024-3539f951

Persons: Dow Jones, kevin, mccarthys

☆ Pelosi once supported bailing out a GOP House speaker from hard-right efforts to oust him: 'We would protect the institution'
▼ + stars: | 2023-10-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

And years ago, Pelosi mulled saving then-Speaker John Boehner from a similar hard-right mutiny. Back in 2015, then-Republican House Speaker John Boehner faced down a similar motion-to-vacate threat from rabble-rousing conservatives. AdvertisementAdvertisement"We would protect the institution," she told reporters, according to the Daily Beast. I made the same offer to Boehner, and same thing to [former Speaker Paul Ryan] because I believe in the institution," McCarthy recounted Pelosi saying. But Pelosi herself argued after McCarthy's ouster that this time was different, saying McCarthy didn't respect the institution of the House of Representatives.

Persons: Kevin McCarthy, Pelosi mulled, John Boehner, —, Matt Gaetz, McCarthy, Joe Biden, Nancy Pelosi —, Boehner, Rather, Pelosi, Sen, Dianne Feinstein, Donald Trump, Paul Ryan Organizations: Republicans, Service, Twitter, Republican, Daily, Fox Locations: Florida, California, Los Angeles

House Republicans are expected to hear from speaker candidates behind closed doors on Tuesday and vote to choose their nominee on Wednesday. A House floor vote to elect a replacement for Republican former Speaker Kevin McCarthy could come later in the week. "It's not ideal," Republican Representative Michael McCaul told CNN on Sunday. "What kind of message are we sending to our adversaries when we can't govern, when we're dysfunctional, when we don't even have a speaker of the House?" "I am not going to support anybody until the conference figures out spending," Republican Representative Ken Buck told ABC's "This Week" on Sunday.

Persons: Ronen, Jim Jordan, Barack Obama, Kevin McCarthy, Michael McCaul, Jordan, we've, Steve Scalise, Ken Buck, ABC's, Matt Gaetz, McCarthy’s, Joe Biden, Benjamin Netanyahu, Chris Christie, They're, Joey Roulette, David Morgan, Heather Timmons, Lisa Shumaker Organizations: REUTERS, Rights, U.S . House, Republicans, Republican, CNN, Fox News, Sunday, Democrat, Israeli, Israeli Defense Forces, Thomson Locations: Israeli, Gaza, Sderot, Israel, U.S, Louisiana, Florida

☆ How $6 billion in Ukraine aid collapsed in a government funding bill despite big support in Congress
▼ + stars: | 2023-10-07 | by ( ) www.cnbc.com time to read: +8 min

The collapse of Ukraine aid in Congress was months in the making, and exactly what Senate Republican leader Mitch McConnell had feared. "But I know there are a majority of members in the House and Senate — both parties — who have said that they support funding Ukraine." But the GOP senators left McConnell with the understanding the support for Ukraine funding overall would be lacking. The next day, McCarthy was ousted from the office over long-simmering complaints about his leadership, leaving any fix for Ukraine funding uncertain. Biden's speech about Ukraine aid is coming.

Persons: Mitch McConnell, McConnell, Vladimir Putin's, Donald Trump, Joe Biden, —, Biden, Kevin McCarthy, Washington regroups, Marjorie Taylor Greene, Greene, Volodymyr Zelenskyy, Zelenskyy, Biden's, Jake Sullivan, McCarthy, Republicans —, South Dakota Sen, John Thune, Thune, John Barrasso of Organizations: United, United States Capitol, Washington D.C, Ukraine, Russia, White, Republican, Senate, White House, Trump, U.S, Capitol, GOP, Democratic, Republicans Locations: United States, Washington, Ukraine, Kyiv, U.S, Mexico, Ky, South Dakota, John Barrasso of Wyoming

WASHINGTON (AP) — The collapse of Ukraine aid in Congress was months in the making, and exactly what Senate Republican leader Mitch McConnell had feared. "But I know there are a majority of members in the House and Senate — both parties — who have said that they support funding Ukraine." McConnell, R-Ky., had been trying to build support Ukraine for months, ever since he met with President Volodymyr Zelenskyy in Kyiv in May. But the GOP senators left McConnell with the understanding the support for Ukraine funding overall would be lacking. Biden's speech about Ukraine aid is coming.

Persons: Mitch McConnell, McConnell, Vladimir Putin's, Donald Trump, Joe Biden, —, Biden, Kevin McCarthy, Washington regroups, “, ”, Marjorie Taylor Greene, Greene, Volodymyr Zelenskyy, Zelenskyy, Biden's, Jake Sullivan, McCarthy, Republicans —, South Dakota Sen, John Thune, Thune, John Barrasso of, Mary Clare Jalonick Organizations: WASHINGTON, Ukraine, Russia, White, Republican, Senate, White House, Trump, U.S, Capitol, GOP, Democratic, Republicans, Associated Press Locations: Ukraine, Kyiv, U.S, Washington, Mexico, Ky, South Dakota, John Barrasso of Wyoming

At issue is RISC-V, pronounced "risk five," an open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F). RISC-V can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence. The RISC-V technology came from labs at the University of California, Berkeley, and later benefited from funding by the Pentagon's Defense Advanced Research Projects Agency (DARPA). Its executives said in August they believe RISC-V will speed up chip innovation and transform the tech industry. Jack Kang, vice president of business development at SiFive, a Santa Clara, California-based startup using RISC-V, said potential U.S. government restrictions on American companies regarding RISC-V would be a "tremendous tragedy."

Persons: Florence Lo, Joe Biden's, Marco Rubio, Mark Warner, Mike Gallagher, Biden, Michael McCaul, McCaul, " Rubio, Warner, Jack Kang, Kang, Kevin Wolf, Akin Gump, Barack Obama, Wolf, Max A, Cherney, Stephen Nellis, Will Dunham, Kenneth Li Organizations: REUTERS, U.S ., Arm Holdings, Republican, Democratic, Reuters, Commerce Department, People's, CCP, Chinese Communist Party, House Foreign Affairs, of Industry, Security, Commerce, University of California, Pentagon's Defense, Research Projects Agency, DARPA, HUAWEI, Huawei Technologies, Qualcomm, Google, Thomson Locations: China, U.S, Beijing, People's Republic of China, Communist China, Swiss, Berkeley, United States, SiFive, Santa Clara , California, San Francisco

☆ Trump Says He Is Endorsing Jim Jordan to Be House Speaker
▼ + stars: | 2023-10-06 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

FILE PHOTO: House Judiciary Committee Chairman Rep. Jim Jordan (R-OH), a prime contender in the race to be the next Speaker of the U.S. House of Representatives, talks to reporters as he departs a meeting with the Texas Republican House delegation the morning after former Speaker of the House Kevin McCarthy (R-CA) was ousted from the position of Speaker by a House vote, at the U.S. Capitol in Washington, U.S. October 4, 2023. REUTERS/Evelyn Hockstein/ File Photo Reuters

Persons: Jim Jordan, Kevin McCarthy, Evelyn Hockstein Organizations: U.S . House, Texas Republican House, U.S, Capitol, REUTERS Locations: Washington , U.S

☆ Trump endorses Jordan as he injects himself into House chaos
▼ + stars: | 2023-10-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

The ex-president dived into the mayhem following the ouster of House Speaker Kevin McCarthy, characteristically seeking to cast himself as kingmaker and to steal the spotlight for himself. Then Trump teased the possibility that he could even step in as speaker himself on an interim basis. But the ex-president’s biggest bombshell was still to come – shortly after midnight, he endorsed Judiciary Chairman Jim Jordan for the job. Jordan, who is running against Republican House Majority leader Steve Scalise of Louisiana for the top job, would likely augur a new period of fierce combat with the White House if he wins the speakership. He has opposed the US lifeline of arms and ammunition to Ukraine, and a Republican House majority led by Jordan would likely increase the chances of a government shutdown next month in a showdown over spending with Democrats.

Persons: –, Donald Trump, Kevin McCarthy, Trump, Jim Jordan, “, ” Trump, Joe Biden, Jordan, Steve Scalise, Scalise, McCarthy, ”, ” William Cohen, Bill Clinton, CNN’s Anderson Cooper, McCarthy –, Matt Gaetz, Nancy Pelosi, Steny Hoyer, it’s, ” Rep, Dusty Johnson, ” Johnson, Biden, Volodymyr Zelensky, Matt Rosendale, Rosendale, Jim Sciutto, CNN Max, Vladimir Putin Organizations: CNN, Republican, Trump White House, Capitol, Ohio Republican, Trump, Republicans, Washington, GOP, Democratic, White, ABC News, Biden, ”, CNN News Central, Ukraine Locations: Washington, Louisiana, Ukraine, Jordan, bankrolling, Russia, Maine, Florida, California, South Dakota, Southern, Matt Rosendale of Montana, Russian

☆ Republican House speaker candidates back out of Fox News debate
▼ + stars: | 2023-10-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Rep. Jim Jordan (R-OH) speaks at a press conference as Rep. Steve Scalise looks on following a Republican caucus meeting at the U.S. Capitol. The top Republicans vying to replace Rep. Kevin McCarthy as the next speaker of the House of Representatives have backed out of a televised debate that was scheduled to air Monday on Fox News. "The Republican conference needs a family discussion." Many Republican caucus members were angry that the party's differences would be publicly aired on national television in a debate for would-be speakers, a third source told NBC. The GOP caucus is scheduled to hold a conference meeting at 6 p.m. Monday to discuss choosing a speaker.

Persons: Jim Jordan, Steve Scalise, Kevin McCarthy, Kevin Hern, McCarthy, Hern, Donald Trump, Jordan, Matt Gaetz, dethrone McCarthy Organizations: U.S . Capitol, Fox News, NBC, Republican, Fox, CNBC, GOP, Republicans, Rep Locations: Florida, California

The collective impact of higher rates across the economy could also weaken the government's own finances. With borrowing rates high and inflation still relatively elevated, consumers, who drive about 70% of economic growth, are expected to spend more cautiously. “Those tighter, higher rates will have an impact on the economy.”Financial analysts point to several reasons for the rapid increase in lending rates. Overseas buyers have reduced their purchases, thereby forcing rates higher to attract buyers. “All of that is driving these fears of higher rates, and no one knows when it’s going to stop,” said Gennadiy Goldberg, head of US rates strategy at TD Securities.

Persons: Kevin McCarthy, Goldman Sachs, Goldman, Freddie Mac, Loretta Mester, ” Mester, it’s, ”, Gennadiy Goldberg, Benson Durham, Piper Sandler, Durham, Jerome Powell, ‘, we’re, ’ ”, Nancy Vanden Houten, David Page Organizations: WASHINGTON, United Auto Workers, Representatives, Republican, Treasury, Federal Reserve Bank of Cleveland, ”, Fed, Treasury Department, TD Securities, Oxford Economics, AXA Locations: U.S, ’ ” Durham, London

WASHINGTON, Oct 4 (Reuters) - The race to replace ousted House Speaker Kevin McCarthy took shape on Wednesday as Steve Scalise, the chamber's No. 2 Republican, and Jim Jordan, a leading antagonist of Democratic President Joe Biden, said they would seek the post. "Everybody's just taking a breath and in listening mode, without any serious commitments," said Republican Representative Dan Crenshaw. The last Republican speaker, Paul Ryan, retired from Congress after struggling to work with Trump, a fellow Republican. The entire House - Republicans and Democrats - vote for speaker, who would hold the position until early January 2025, unless they were deposed as well.

Persons: Kevin McCarthy, Steve Scalise, Jim Jordan, Joe Biden, McCarthy, Jordan, Biden, Donald Trump, Scalise, Kevin Hern, Patrick McHenry, Everybody's, Dan Crenshaw, Paul Ryan, John Boehner, Matt Gaetz, Garret Graves, Gaetz, Hakeem Jeffries, David Morgan, Moira Warburton, Richard Cowan, Andy Sullivan, Scott Malone, Cynthia Osterman, Howard Goller Organizations: Democratic, Republicans, Committee, Trump, U.S . House, Representatives, Texas Republican House, U.S, Republican, Congress, Democrats, Thomson

☆ DeSantis pins McCarthy's fall from grace on Trump, saying the congressman was a bad choice for speaker to begin with
▼ + stars: | 2023-10-04 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

DeSantis spoke out against former Speaker Kevin McCarthy on Tuesday. DeSantis linked McCarthy's rollercoaster of a speakership to Trump, who helped him get there. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ron DeSantis went after former House Speaker Kevin McCarthy on Tuesday in an interview, linking his downfall to former President Donald Trump. To temporarily fill his place, Interim Speaker Patrick McHenry has taken over speakership duties until a full-fledged speaker is elected.

Persons: DeSantis, Kevin McCarthy, McCarthy, Trump, —, Ron DeSantis, Donald Trump, denigrated DeSantis, it's, KEVIN, Patrick McHenry Organizations: Service, Florida Gov, Scripps News, Florida's, Congressional District, Caucus, CBS News, NBC News, Republican

☆ After McCarthy's ouster, House GOP leaders are scrambling to boost their rank
▼ + stars: | 2023-10-04 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Tuesday, the House voted to remove Kevin McCarthy as speaker. As it stands, Rep. Steve Scalise is still the majority leader, Rep. Tom Emmer is the majority whip, and Rep. Elise Stefanik serves as the Republican conference chairman. He'll face off against Rep. Jim Jordan, the chair of the House Judiciary Committee, as well as Oklahoma Rep. Kevin Hern. Guy Reschenthaler, the GOP's chief deputy whip, also declared his desire on Wednesday to replace Emmer as whip if given the opportunity. AdvertisementAdvertisementDespite the ongoing movement amongst Republican House leadership at the moment, the House is out of session until next week.

Persons: Kevin McCarthy, Steve Scalise, Tom Emmer, —, McCarthy, Matt Gaetz, Patrick McHenry, Elise Stefanik, Scalise, He'll, Jim Jordan, Kevin Hern, Stefanik, who's, Guy Reschenthaler, Emmer, Greg Steube, Joe Biden Organizations: Service, Democratic, Republican, House, Rep, Committee, GOP Locations: Oklahoma

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "It's the feeling that the U.S. economy can stomach higher interest rates for a little bit longer," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. "Implicitly it also means that the Fed might not be so quick to cut rates next year either," he said. The Japanese yen weakened 0.31% versus the greenback at 149.77, after falling to 149.90. Investors have been closely watching for signs of intervention in the Japanese currency by the Bank of Japan (BOJ).

Persons: Florence Lo, Kevin McCarthy, Bipan Rai, Edward Moya, Michelle Bowman, Shunichi Suzuki, Chuck Mikolajczak, Marguerita Choy, Alison Williams Organizations: U.S, REUTERS, Federal Reserve, Institute for Supply Management, Congress, Democratic, Republican, Treasury, CIBC Capital Markets, Investors, Bank of Japan, Fed, Bank of Japan's, Japan's Finance, Thomson Locations: U.S, North America, Toronto, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S. economy. Rivian Automotive (RIVN.O) advanced 2.9% after Evercore ISI raised the EV maker's stock to "outperform" from "in line". Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jerome Powell, Patrick Hasker, Loretta Mester, Russell Hackmann, Kevin McCarthy, bitcoin, Piper Sandler, Goldman Sachs, Shubham Batra, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Philadelphia Fed, Cleveland Fed, Hackmann Wealth Partners, Democratic, Republican, Dow e, Nvidia, Rivian, ISI, EV, Thomson Locations: New York City, U.S, Powell, Singapore, Bengaluru

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Brent December crude futures rose 49 cents, or 0.5%, to $92.69 a barrel by 0645 GMT after falling 90 cents on Friday. Brent November futures settled down 7 cents at $95.31 a barrel at the contract's expiry on Friday. U.S. West Texas Intermediate crude futures gained 55 cents, or 0.6%, to $91.34 a barrel, after losing 92 cents on Friday. However, a private-sector survey on Sunday was less encouraging, showing the country's factory activity expanded at a slower pace in September.

Persons: Agustin Marcarian, Baker Hughes, recouping, Brent, Hiroyuki Kikukawa, Kevin McCarthy, Yuka Obayashi, Emily Chow, Jamie Freed, Shri Navaratnam, Kim Coghill Organizations: REUTERS, . West Texas, of, Petroleum, NS, Nissan Securities, ING, PMI, Republican, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, TOKYO, U.S, Saudi Arabia, Russia, OPEC, Tokyo

☆ Morning Bid: October market fillip as government stays open
▼ + stars: | 2023-10-02 | 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 26, 2023. U.S. Treasury yields, whose relentless rise of late has been at the heart of market disturbances as it prices "higher for longer" interest rates, pushed higher again on Monday too. Ten-year yields were up five basis points to 4.62% - just shy of last week's 16-year peak of 4.69%. Key developments that should provide more direction to U.S. markets later on Monday:* US Sept manufacturing surveys by ISM and S&P Global. 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, Kevin McCarthy, McCarthy, Goldman Sachs, Jerome Powell, Michael Barr, Loretta Mester, John Williams, Fitch, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Democratic, Republican, Ukraine, Treasury, Bank of Japan, of, Petroleum, Reuters, P Global, Cleveland Fed, New York Fed, Tech, Moody's, U.S . AAA, Chicago, Thomson Locations: New York City, U.S, Russia, OPEC, China, France, Italy, Spain, Germany, York

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