Kevin McCarthy announces he will retire at the end of December
"I have decided to depart the House at the end of this year to serve America in new ways," McCarthy wrote in an op-ed for the Wall Street Journal.
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"I have decided to depart the House at the end of this year to serve America in new ways," McCarthy wrote in an op-ed for the Wall Street Journal.
Former House of Representatives Speaker Kevin McCarthy plans to resign from Congress at the end of the year, the California Republican announced Wednesday.
The formal selection process for speaker gets underway Tuesday night.
House Republicans are expected to vote behind a closed-door for the new speaker Wednesday morning before bringing the vote to the House floor.
The former House speaker said he will run for reelection in 2024.
House Speaker Kevin McCarthy was ousted after a narrow 216-210 vote Monday night in Washington D.C.
Rep. Patrick McHenry of North Carolina is serving as speaker pro tempore.
"The office of speaker of the House of the United States House of Representatives is hereby declared vacant," said Rep. Steve Womack, who was presiding over the chamber.
Rep. Matt Gaetz introduced a motion to vacate the chair Monday, two days after Speaker Kevin McCarthy relied on Democrats to pass a short-term spending bill and avert a shutdown.
Hours before a midnight deadline, Congress passed a short-term funding bill to keep the government running for 45 days.
"I think we need to rip off the Band-Aid," Rep. Matt Gaetz said of his plan to oust Speaker Kevin McCarthy from his leadership role.
House Speaker Kevin McCarthy dropped his demands for steep spending cuts and relied on votes from across the aisle in order to get the bill passed.
The spending bill failed to win over a group of Republicans opposed to a short-term funding deal.
"This logical next step will give our committees the full power to gather all the facts and answers for the American public," the speaker said.
McCarthy said he told a House committee to open the inquiry over the president's family's business dealings.
The fiscal year will end at the end of the month, and right now, there's not a funding plan in place beyond then.
A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
The House passed the measure on Wednesday night. Monday is the deadline for the nation to avoid default.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
The agreement must go to the U.S. House. If it passes there, it then will go to the Senate.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
