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Republicans will try to elect Trump ally Rep. Jim Jordan as House speaker but GOP holdouts remain

  • Rep. Jim Jordan's bid to become the next speaker of the U.S. House of Representatives is uncertain as he needs 217 votes in his favor, but more than four House Republicans are against him.
  • Analysts are concerned about the possibility of a government shutdown if Jordan becomes speaker since he has voted against government spending bills in the past. However, the more likely outcome is that he will support an extension of the current funding.
  • U.S. stocks were lower on Tuesday morning as investors evaluate geopolitical risks, third quarter earnings, and concerns about interest rate hikes.
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On Tuesday, U.S. lawmakers rejected the candidacy of hardline conservative Jim Jordan to become speaker of the U.S. House of Representatives, a two-week stalemate that has paralyzed Washington continues.

·Vilnius, Lithuania
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  • 59% of the sources are Center
59% Center

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Raw Story broke the news in United States on Sunday, October 15, 2023.
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