While politicians are clueless about McCarthy’s future steps, he has promised to stay invested in Republican politics. The California Republican declined to make another bid for the gavel after being removed as Speaker in October, media reports said.
US House Speaker Kevin McCarthy has been ousted in a move initiated by members of his own Republican Party from the second-most important post in the American government.
Addressing reporters on Friday, the former Speaker said: “No, I am not resigning. We are going to keep the majority. I am going to help the people I got here, and we are going to expand it further.”
Trump made the statement saying that as he has many friends in Congress, he won't mind taking up the role 'temporarily'.
Yellen said that the US will be unable to continue to satisfy all of the government's obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time.
In a statement, the Chinese Foreign Ministry called Tsai's visit to US "transit" and said that it "gravely violated" the one-China principle.
McCarthy from California who has been the House Republican leader since 2019, will finally take the gavel after 15 rounds of voting since the 118th Congress convened on Tuesday
Republican leader Kevin McCarthy failed to attain the required number of votes to succeed Nancy Pelosi as a Speaker on the first ballot.
Government funding is currently set to expire late Friday evening and lawmakers are racing against the clock to clear the measure before the deadline.
Pelosi, 80, faced a scare when five fellow Democrats defected and voted "present" or for someone else during the floor vote.
