Historic moment: tonight the US House votes of no confidence in its President for the first time
In a few hours the troubled president of the United States House, Kevin McCarthy, will risk losing his seat due to the motion of no confidence presented by his opponent Martt Gaetz. A consequence of the vote on the bipartisan proposal to postpone the shutdown due to having reached the "Debt Ceiling", the debt limit that the chambers must adjust from time to time.
McCarthy said the House of Representatives will vote later in the day on a motion by Rep. Matt Gaetz, a McCarthy antagonist, that could potentially remove him from office.
If successful, it would be the first time in U.S. history that House lawmakers would vote on the challenge
“I'm confident we can hang on,” McCarthy told reporters.
At 6.30 pm Italian time the green light was voted on the motion of no confidence. Now we move on to the actual vote, and the news is bad for McCarthy:
Could 10-year Treasury rates hit 13%? @RickSantelli charts the path to much, much higher yields, and warns that the Fed is running out of tricks pic.twitter.com/51DfL2R6HF
— CNBC's Fast Money ( @CNBCFastMoney) October 2, 2023
In fact, the Democrats still decided NOT to support McCarthy and instead to vote on the motion of no confidence. No gratitude and let this be a lesson to the Speaker, who hoped to be a mediator and instead risks being fucked by both sides.
However, McCarthy will not resign and will do everything he can to stay in office. His election was very troubled, fought on the side of the most MAGA party and therefore he will not give up easily, nor will it be easy to find another compromise republican figure.
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The article Historic moment: tonight the US House votes no confidence in its President for the first time comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/momento-storico-questa-notte-la-camera-usa-vota-per-la-prima-volta-la-sfiducia-al-proprio-presidente/ on Tue, 03 Oct 2023 19:53:45 +0000.