"Jordan Won't Seek Third Speaker Vote, Allowing House To Empower Interim Speaker" - Washington Post
Portfolio Pulse from Benzinga Newsdesk
Rep. Jim Jordan (R-Ohio) will not seek an additional speaker vote, instead backing a plan to give Rep. Patrick T. McHenry (R-N.C.), the temporary speaker, additional powers. This comes after two rounds of votes where it was clear that Jordan did not have enough support to win the speaker's gavel. This decision allows House functions to move forward.
October 19, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The decision by Rep. Jim Jordan not to seek another speaker vote and to back Rep. Patrick T. McHenry could bring stability to the House, potentially impacting the broader market tracked by SPY.
While the news does not directly impact SPY, political stability in the House can influence the broader market sentiment, which SPY tracks. However, the exact impact is uncertain and depends on further political developments.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50