Rep. Kevin McCarthy, R-Calif., stands as he is nominated for a twelfth time in the House chamber as the House meets for the fourth day to elect a speaker and convene the 118th Congress in Washington, Friday, Jan. 6, 2023. (AP Photo/Alex Brandon)
Rep. Kevin McCarthy (R-Calif. 20th District) gained some momentum on Friday afternoon in his bid to become the House speaker, flipping more than a dozen votes in his favor.
Still, McCarthy was defeated again in his 13th attempt to win the position, despite the positive sign for him as 15 Republicans who were refusing to back him changed their minds.
McCarthy remained several votes short of the simple majority he needed to secure the position.
Following his defeat in 13 rounds of voting, the most in more than a century, McCarthy expressed confidence that he would be able to get the win by Friday evening, telling reporters he “has the votes.”
The House voted to adjourn until 10 p.m. ET Friday evening as McCarthy and his allies continue to work to secure the speakership.
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin. Advocates for ditching the penny cite its high production cost and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel. Here's a look at some question surrounding Trump's order.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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