World political news

McCarthy’s power in U. S. House of Representatives may be limited

2023.01.09 15:28


McCarthy’s power in U. S. House of Representatives may be limited

By Tiffany Smith

Budrigannews.com – In a first test of Republican Speaker Kevin McCarthy’s ability to control his caucus, the U.S. House of Representatives will vote on the rules for the next two years on Monday.

In order to secure the support of right-wing hardliners for his leadership bid, McCarthy agreed to a number of concessions in the legislation that will limit his power, such as allowing a single legislator to call for his removal at any time and changes intended to significantly limit spending.

After winning fewer seats than expected in the midterm elections in November, Republicans now hold a slim majority in the House, 222-212. This has increased the power of hardliners and prompted concerns regarding the functioning of the polarized Congress, in which President Joe Biden’s Democrats still hold the Senate.

The federal government’s $31.4 trillion debt limit must be addressed by lawmakers in the coming year, among other crucial responsibilities. The global economy would be shaken if that wasn’t done, or even if there was a long standoff.

A 72-hour waiting period between when a bill is introduced and when it can be voted on, a spending cap of $20 billion by 2022, and the establishment of a committee to investigate the Justice Department are additional changes.

Representative Tony Gonzales, a Republican, has indicated that he intends to vote against the package because of the proposed limits on defense spending, which he stated to CBS on Sunday to be “a horrible idea.”

“How am I going to look our allies in the eye and say, I need you to increase your defense budget, but America is going to decrease ours? When you have aggressive Russia and Ukraine, you have a growing threat of China in the Pacific?” He stated

It is anticipated that Democrats will vote against the package. Monday night is when the vote is scheduled to take place.

McCarthy’s power in U. S. House of Representatives may be limited

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 67,166.00 1.55%
ethereum
Ethereum (ETH) $ 2,632.02 2.63%
tether
Tether (USDT) $ 0.99934 0.00%
bnb
BNB (BNB) $ 591.97 2.49%
solana
Solana (SOL) $ 166.25 0.15%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.535652 3.78%
staked-ether
Lido Staked Ether (STETH) $ 2,630.76 2.62%
dogecoin
Dogecoin (DOGE) $ 0.143043 0.82%
tron
TRON (TRX) $ 0.159414 1.38%
the-open-network
Toncoin (TON) $ 5.23 0.73%
cardano
Cardano (ADA) $ 0.361503 0.07%
avalanche-2
Avalanche (AVAX) $ 27.68 2.20%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,106.69 2.88%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 2.36%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,021.96 1.72%
weth
WETH (WETH) $ 2,629.76 2.73%
chainlink
Chainlink (LINK) $ 12.15 3.35%
bitcoin-cash
Bitcoin Cash (BCH) $ 360.21 2.32%
polkadot
Polkadot (DOT) $ 4.35 2.48%
uniswap
Uniswap (UNI) $ 8.10 6.88%
dai
Dai (DAI) $ 0.99993 0.01%
near
NEAR Protocol (NEAR) $ 4.68 4.52%
leo-token
LEO Token (LEO) $ 6.09 0.09%
aptos
Aptos (APT) $ 10.90 9.71%
sui
Sui (SUI) $ 1.95 5.24%
litecoin
Litecoin (LTC) $ 70.51 3.22%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,764.91 2.69%
pepe
Pepe (PEPE) $ 0.00001 2.10%
bittensor
Bittensor (TAO) $ 554.74 3.55%
internet-computer
Internet Computer (ICP) $ 7.95 1.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.37 2.53%
kaspa
Kaspa (KAS) $ 0.134806 3.43%
monero
Monero (XMR) $ 156.92 2.57%
ethereum-classic
Ethereum Classic (ETC) $ 19.20 2.94%
stellar
Stellar (XLM) $ 0.095501 1.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.367119 2.27%
blockstack
Stacks (STX) $ 1.80 2.64%
first-digital-usd
First Digital USD (FDUSD) $ 0.99972 0.09%
whitebit
WhiteBIT Coin (WBT) $ 17.82 0.22%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
immutable-x
Immutable (IMX) $ 1.52 4.16%
dogwifcoin
dogwifhat (WIF) $ 2.48 4.25%
okb
OKB (OKB) $ 40.13 1.33%
arbitrum
Arbitrum (ARB) $ 0.587651 0.96%
aave
Aave (AAVE) $ 152.30 1.08%
filecoin
Filecoin (FIL) $ 3.82 1.62%
optimism
Optimism (OP) $ 1.73 1.30%
crypto-com-chain
Cronos (CRO) $ 0.077154 1.05%
injective-protocol
Injective (INJ) $ 21.06 2.41%