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home / news releases / SIGI - Kevin McCarthy ousted as House Speaker


SIGI - Kevin McCarthy ousted as House Speaker

2023-10-03 17:00:16 ET

  • The U.S. House of Representatives voted to oust Kevin McCarthy as speaker three days after he struck a deal with Democrats to pass a short-term spending bill that averted a government shutdown.
  • Rep. Matt Gaetz (R-FL) introduced the motion to vacate.
  • A small number of Republicans, who had sought deeper cuts to the federal budget, succeeded in removing him from the leadership role, marking the first time in history that the speaker lost a no-confidence vote, according to CNBC.
  • Patrick McHenry (R-NC) was named interim speaker.
  • McCarthy won the speakership in January after 15 rounds of voting.
  • Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion .

For further details see:

Kevin McCarthy ousted as House Speaker
Stock Information

Company Name: Selective Insurance Group Inc.
Stock Symbol: SIGI
Market: NASDAQ
Website: selective.com

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