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Republicans in the U.S. House of Representatives will hold a third vote to elect a speaker on Thursday, in an attempt to overcome divisions that have immobilized the leaderless chamber for 16... -October 19, 2023 at 06:05 am EDT - MarketScreener
Having failed two votes for House speaker, the hard-right Republican is throwing his support behind a plan to give fill-in Speaker Patrick Henry more power.
Their plan to empower fill-in Speaker Patrick McHenry went up in flames, and Jim Jordan continues to lose supporters.
Investors will listen to the Federal Reserve chair’s speech on Thursday for clues on interest-rate moves, as the Israel-Hamas conflict drives up oil prices.
With two seats vacant in the U.S. House of Representatives, 217 votes are needed to elect a speaker.