Don’t miss the latest developments in business and finance.

US House Stop-gap Funding Bill

Rep. Matt Gaetz (R-Fla.), the far-right lawmaker who led the push to oust McCarthy, has floated Scalise as a possible replacement

Updated On: 04 Oct 2023 | 7:28 AM IST

Speaker Kevin McCarthy was voted out of the job in an extraordinary showdown, a first in US history that was forced by a contingent of hard-right conservatives and threw the House and its Republican leadership into chaos. McCarthy's chief rival, Rep. Matt Gaetz of Florida, forced the vote on the motion to vacate, drawing together more than a handful of conservative Republican critics of the speaker and many Democrats who said he was unworthy of leadership. The next steps are uncertain, but there is no obvious successor to lead the House Republican majority. Stillness fell as the presiding officer gavelled the vote closed, 216-210, saying the office of the speaker "is hereby declared vacant. Moments later, a top McCarthy ally, Rep. Patrick McHenry, R-N.C., took the gavel and, according to House rules, was named speaker pro tempore, to serve in the office until a new speaker was chosen. The House then briskly recessed so lawmakers could meet and discuss the path forward. It was a .

Updated On: 04 Oct 2023 | 6:28 AM IST

US House Democrats are considering proposing a new stopgap spending measure that would keep the federal government funded through mid-to-late January, reports say

Updated On: 30 Nov 2021 | 2:17 PM IST

The measure would prevent a partial shutdown of the government after the current budget year expires at the end of the month

Updated On: 21 Sep 2020 | 10:30 PM IST

Senate, House approve stopgap funding and budget bill; Measure will go next to President Donald Trump to sign

Updated On: 09 Feb 2018 | 11:54 PM IST

House Republican leaders unveiled a new version of a bill they hope to pass before Friday's midnight deadline

Updated On: 21 Dec 2017 | 11:33 PM IST