Kevin McCarthy is the first house speaker in US history to be ousted. Here's why Republicans turned on him - 04-Oct-2023 nzcity.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzcity.co.nz Daily Mail and Mail on Sunday newspapers.
North Carolina Republican Patrick McHenry who's in line to lead the House Financial Services Committee after the GOP won control of the chamber in the midterm elections has called for the Fed to stay focused on controlling inflation. Democrats, who retained the Senate, have begun to voice concerns that higher borrowing costs will hurt jobs and potentially cause a recession.