Rep. Garamendi (D-CA): Kevin McCarthy Would Have No Easy Task as Speaker
House Speaker Paul Ryan threw his weight behind Majority Leader Kevin McCarthy (R-CA) as a replacement for when he retires from his position in January.
The Wisconsin Republican told NBC Friday that “Kevin’s the right guy to step up.” Although, it’s unclear how much Ryan’s endorsement would boost McCarthy’s prospects.
The Majority Leader jockeyed to replace former Speaker John Boehner (R-OH) in 2015 but abruptly bowed out of the race, citing a potential lack of support from the party at the time, particularly from the conservative Freedom Caucus.
And Rep. John Garamendi (D-CA) thinks that even with Ryan’s backing this time, McCarthy may get a little *déjà vu*.
“Given the extraordinary fracture that exists in the Republican caucus between the more normal Republicans and the Freedom Caucus, it’s nearly an impossible task,” Gramendi told Cheddar Friday.
Additionally, half of the district that McCarthy represents relies on Medicaid, which is something the GOP wants to cut. Taking the party position as Speaker could damage McCarthy’s standing with his constituents, said Garamendi.
Ryan announced earlier this week he would not seek re-election, leaving the Republican party scrambling to find a replacement. Other potential candidates for Speaker include Majority Whip Steve Scalise (R-LA), who was shot at a congressional baseball practice last year, and Rep. Jim Jordan (R-OH), who heads the Freedom Caucus.
But that’s only part of the party’s problem. Ryan’s retirement also suggests that the GOP could find it tough to hold onto its majority in the House at the midterm elections.
For full interview, [click here](https://cheddar.com/videos/rep-garamendi-d-ca-president-trump-is-destroying-the-american-government).
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.