Today. Because you cant do the job if eight people, you have 96 of your entire conference, but eight people can partner with your whole other side. How do you govern . As of now, theres no clear candidate to replace him. Republicans are now going home for the week, effecitvely shutting down the house. They say they may have a candidate by next tuesday, with a possible vote next wednesday, but that all remains very fluid. It was all brought on by congressman matt gaetz of florida. He launched the vote to oust the speaker. After some debate, lawmakers voted 216 to 210 to remove mccarthy from the leadership position. Gaetz and seven other republicans joined all 208 democrats present in the room. Joining me live now is one of the republicans who voted to oust Speaker Mccarthy, congressman ken buck, of colorado. Congressman, great to have you back on bbc news. You have been critical of the former speakers decision to work with democrats to get a Stopgap Funding Bill passed this weekend, but
216210 to Leadership Challenge and voted 216 210 to remove him. The vote comesjust a day 216 210 to remove him. The vote comes just a day after Florida Republican congressman matt gaetz introduced the motion to oust him. He became speaker of the house injanuary, after 15 rounds of voting and many concessions to his fellow republicans. He addressed the media just a short while back. Lets listen in. Thing i will tell you is doing the right thing isnt always easy, but it is necessary. I dont regret standing up for choosing government over grievance. It is my responsibility, it is myjob. I do not regret negotiating. 0ur government is designed to find compromise. I dont regret my efforts to build coalitions and find solutions. I was raised to solve problems, not create them. So i may have lost a vote today but as i walk out of the chamber, Ifeel Fortunate Today but as i walk out of the chamber, i feel fortunate to have served the american people. I leave the speakership sense of pride, acco
Wiped out the last of its gains made for the year so far. Some of the heaviest losses came in from the big tech stocks which sent the Nasdaq Composite to a Market Leading Loss of nearly 1. 9 . Shares of chinese real estate Giant Evergrande jumped by 28 as trading resumed in hong kong, after being halted last week. We will put up those figures for you as well, and as you can see the debt laden Developers Stock market valuation has fallen by almost 99 sincejuly valuation has fallen by almost 99 since july 2020. Valuation has fallen by almost 99 sincejuly 2020. We should also point out that it is a penny stock at this stage, just to put those numbers in context as well. 0ver to put those numbers in context as well. Over the last year, it has come to light that the Evergrande Company is the worlds most indebted developer, with liabilities at over 300 billion. But its not alone. 0thersmaller over 300 billion. But its not alone. Other Smaller Developers have also defaulted on their debts, le
The dow wiped out the last of its gains made for the year so far. Shares of chinese real estate Giant Evergrande jumped by 28 as trading resumed in hong kong, after being halted last week. We will put up those figures for you as well, and as you can see the debt laden Developers Stock market valuation has fallen by almost 99 since july 2020. We should also point out that it is a penny stock at this stage, just to put those numbers in context as well. Over the last year, it has come to light that the Evergrande Company is the worlds most indebted developer, with liabilities at over 300 billion. But its not alone. Other Smaller Developers have also defaulted on their debts, leaving unfinished building projects across the country. The Chinese Government has announced more support for real estate companies, including encouraging banks to extend the repayment periods on loans. The Property Market accounts for around a quarter of the worlds second largest economy. That is why it is all the m
Brighter with a few showers and it is still going to be worn this weekend. Its wednesday the 4th of october. After weeks of speculation, the Prime Minister is expected to use his leaders speech at the conservative Party Conference to confirm that hes scrapping the second leg of h52 from birmingham to manchester. Labours andy burnham, the mayor of Greater Manchester, accused the government of treating people in the north as Second Class Citizens, while the West Midlands mayor andy street, a conservative, was said to be distraught. Our Political Correspondent Damian Grammaticas reports from the conference in manchester. Pushing his way through the late night conference crowds, rishi sunak, relaxed and smiling. He has, it seems, made his mind up. Its the end of h52 to manchester. This was what the pm was saying 2a hours ago. What i want to do is make the right decision for the country. This is an enormous amount of peoples money, taxpayers money, everybody watching, billions and billions