: House adjourns until Thursday as new rounds of voting keep failing to elect speaker

by | Jan 4, 2023 | Stock Market

The U.S. House of Representatives voted on Wednesday night to adjourn until 12:30 p.m. Eastern on Thursday, with the move coming as lawmakers have been unable to elect a new speaker for a second day in a row. That vote came after House Republicans briefly reconvened at 8 p.m. Eastern following a flurry of meetings that attempted to find room for compromise.

Top House Republican Kevin McCarthy keeps hitting resistance in his push to become speaker, falling short of a majority in three rounds of voting on Wednesday afternoon and three earlier rounds of voting on Tuesday. CNN and Axios reported Wednesday night that McCarthy offered significant concessions to the defecting Republicans but it was unclear if that would be enough to sway enough of their votes. “No deal yet,” McCarthy said after a closed-door meeting Wednesday night, according to the Associated Press, “But a lot of progress.” The House must kick off the new congressional session with the election of a speaker, and it’s required to keep voting until one is chosen. There hasn’t been a need for multiple votes for a speaker’s election since 1923, when nine rounds of voting were required.  McCarthy can handle no more than four GOP defections given his party’s 222-212 majority, but more than that number have repeatedly opposed the California congressman. In all three rounds of voting on Wednesday, 20 Republicans opposed him and voted instead for Rep. Byron Donalds of Florida, while Rep. Victoria Spartz of Indiana voted “present” after backing McCarthy on Tuesday. In Tuesday’s third vote, the number of Republican lawmakers voting against McCarthy rose to 20, up from 19 in the first two rounds. Those 20 backed GOP Rep. Jim Jordan of Ohio on Tuesday, even as Jordan gave a speech in support of McCarthy and didn …

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