After Bitter Republican Dispute, McCarthy Named US House Speaker

Kevin McCarthy after his election as Speaker of the House (Reuters)
Kevin McCarthy after his election as Speaker of the House (Reuters)
TT

After Bitter Republican Dispute, McCarthy Named US House Speaker

Kevin McCarthy after his election as Speaker of the House (Reuters)
Kevin McCarthy after his election as Speaker of the House (Reuters)

Republican favorite Kevin McCarthy was named speaker of the US House of Representatives on Saturday as he finally quelled a fierce rebellion among his party's ranks that had paralyzed the lower chamber of Congress for days.

McCarthy was always the frontrunner to lead the Republican-led House, but his victory in the small hours of the morning was almost derailed by a right-wing revolt in his party that extended the contest to a historic 15 rounds of voting, AFP reported.

The speaker wields huge influence in Washington by presiding over House business and is second in line to the presidency, after the vice president.

McCarthy had been hoping to secure the gavel in the 14th round before midnight Friday but suffered a shock defeat amid astonishing scenes of Republican infighting as he came up short by just one vote out of more than 400 cast.

As Matt Gaetz voted "present" to deny McCarthy the gavel, the disappointed Republican leader went over to talk to the Florida lawmaker-elect face-to-face.

Gaetz pointed a finger at McCarthy, who began retreating as Alabama's Mike Rogers lunged at Gaetz and had to be held back with a restraining arm across his face.

The Republicans, who hold a razor-thin majority, had been mired in internecine warfare as McCarthy failed to win a majority in multiple ballots, with around 20 conservative hardliners blocking his path since Tuesday.

But the 57-year-old Californian was able to pick up more than a dozen votes among the defectors in two afternoon voting rounds Friday after offering major concessions.

Emboldened, McCarthy predicted he would win in the 14th round -- but suffered a humiliation given wall-to-wall coverage on US news channels before finally bagging his victory in the 15th.

"Just reminds me of what my father always told me," McCarthy had told reporters. "It's not how you start, it's how you finish. And now we have to finish for the American public."

- Major concessions -
There were more rounds of voting in the fractious 2023 contest than in any speaker election since the Civil War.

McCarthy had projected confidence all week, even as he was bleeding votes rather than adding to the base of around 200 Republicans who have backed him all along.

His party's takeover of Congress is expected to herald the end of cross-party cooperation, with the legislative process gridlocked and Republicans promising an aggressive agenda of investigations into most aspects of President Joe Biden's administration and his family.

Democrats and some of McCarthy's own supporters, in private, are concerned that he has been offering his far-right critics radical policy commitments that will make the House ungovernable.

There were reports, which AFP has not verified, that he had agreed to propose keeping spending at 2022 levels, including a cap on military funding which would have the same effect as a $75 billion cut.

That has raised alarm among defense hawks pushing for the United States to project strength amid Russia's invasion of Ukraine and an emboldened Chinese stance on Taiwan.

No single lawmaker, however senior, has the authority to set budgets, but the fact that the suggestion was being taken seriously underscores the Republicans' turn towards isolationism under the leadership of Donald Trump.

Other lawmakers-elect were complaining that McCarthy was handing the hardliners plum committee posts and changes to the rules that would severely curtail the role of the speaker.

- Poisoned chalice? -
The renegade Republicans are understood to have flipped their votes in exchange for rule changes making it possible to oust the speaker in a vote called by just one member.

They are also asking for an outsized role in deciding which bills make it to the floor and how they are handled.

The length and precariousness of the speaker selection process has highlighted how difficult McCarthy is going to find it to corral votes in the 118th Congress

Democrats said the role would be a poisoned chalice, as the compromises McCarthy has made will leave him as the weakest speaker in modern history.

"He has moved steadily to the right and he has capitulated at every turn to these extremist elements in the GOP," Maryland congressman Jamie Raskin told MSNBC, referring to the Republicans by their nickname, the "Grand Old Party."



EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
TT

EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices rose slightly early on Monday, as they traded in a narrow range, caught between low wind speed and uncertainty over Russian gas flows to Europe when the Ukraine gas transit deal expires at the year-end.

The benchmark front-month contract at the Dutch TTF hub edged up by 0.84 euro to 44.65 euros per megawatt hour (MWh), or $14.3/mmBtu, by 1016 GMT, while the day ahead contract was up 1.08 euro at 44.38 euros/MWh.

In Britain, the day-ahead contract was 2.25 pence higher at 110.25 p per therm.

"The spot and the curve (prices) are still supported by the prospect of a non-renewal of the Russia-Ukraine gas transit deal," analysts at Engie's EnergyScan said in a daily note, according to Reuters.

The situation with European countries that buy Russian gas is very complicated and requires increased attention, the Kremlin said on Monday, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

Fico said on Sunday that Putin had confirmed Russian willingness to continue to supply gas to Slovakia, even though the Slovak leader said this was "practically impossible" once a gas transit agreement between Russia and Ukraine expires.

Russia's Gazprom said it would send 42.1 million cubic metres of gas to Europe via Ukraine on Monday, a volume in line with recent days.

Meanwhile, wind generation will drop sharply today in France and Germany and the confidence for high wind output is reduced, supporting gas for power demand, EnergyScan analysts said.

In Britain, peak wind generation is forecast at 19.1 gigawatts (GW) on Monday, falling to 15.6 GW on Tuesday, Elexon data shows.

In the European carbon market, the benchmark contract was up 0.22 euro at 67.91 euros a metric ton.