One of the most powerful elected politician in the US government just lost his job !
What Has Happened ?
- Kevin McCarthy lost the House Speakership
- This is extraordinary & unprecedented
- Last time a motion like this was attempted - 113 years ago - it failed
- Unclear if there will be a temporary placeholder speaker & who will ultimately replace McCarthy
Why this matters ?
1. This jeopardizes additional funding for Ukraine
2. Moody's has been warning on quality of US governance - this episode adds to it
3. This is the 3rd major political episode in US this year (debt ceiling shutdown, govt shutdown showdown) - highlights extent of dysfunction in the Capitol
What Has Happened ?
- Kevin McCarthy lost the House Speakership
- This is extraordinary & unprecedented
- Last time a motion like this was attempted - 113 years ago - it failed
- Unclear if there will be a temporary placeholder speaker & who will ultimately replace McCarthy
Why this matters ?
1. This jeopardizes additional funding for Ukraine
2. Moody's has been warning on quality of US governance - this episode adds to it
3. This is the 3rd major political episode in US this year (debt ceiling shutdown, govt shutdown showdown) - highlights extent of dysfunction in the Capitol
One of the most powerful elected politician in the US government just lost his job !
What Has Happened ?
- Kevin McCarthy lost the House Speakership
- This is extraordinary & unprecedented
- Last time a motion like this was attempted - 113 years ago - it failed
- Unclear if there will be a temporary placeholder speaker & who will ultimately replace McCarthy
Why this matters ?
1. This jeopardizes additional funding for Ukraine
2. Moody's has been warning on quality of US governance - this episode adds to it
3. This is the 3rd major political episode in US this year (debt ceiling shutdown, govt shutdown showdown) - highlights extent of dysfunction in the Capitol
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