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.
Watch CBS News
"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.
The House Republican majority has not yet coalesced around a new speaker a week after Rep. Kevin McCarthy was removed.
Jack Fink covers the biggest political stories of the week in the latest episode of Eye on Politics.
"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.
Hours before a midnight deadline, Congress passed a short-term funding bill to keep the government running for 45 days.
Congress passed a short-term funding bill to avert a government shutdown that lacked new funding for Ukraine.
The spending bill failed to win over a group of Republicans opposed to a short-term funding deal.
The House advanced four spending bills that have no chance of passing in the Senate, as Speaker Kevin McCarthy seeks to appease conservatives.
The federal government is heading toward a shutdown that will disrupt many services, squeeze workers and roil politics.
"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.
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.
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.
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.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States," Yellen wrote to congressional leaders.
It's still far short of the longest speaker's election in history, which took nearly two months and 133 ballots.
Keith Self, who represents part of Collin County, explains why he continues to vote for different speakers.
Most Texas reps are voting for Rep. Kevin McCarthy, but a few - including one from Collin County - are holding out.
House Republicans plan to open the second day of the new Congress much like the first — with leader Kevin McCarthy trying to become House speaker.
CBS News congressional correspondent Scott MacFarlane joins “CBS Mornings” to discuss the upcoming primetime public hearings held to investigate the January 6th attack on the United States Capitol. Plus, newly revealed audio from House Minority Leader Kevin McCarthy (R-CA) at a Republican conference meeting just days after the Capitol attack.