in your mind, you say he doesn t become speaker. does he give away everything and still get nothing. in that case, who do you think becomes speaker? he might. there s a question of does kevin mccarthy in the house of representatives a year from now. understand the positions of majority leader, majority whip, nrcc chair, all of those are taken. he understands the house very well. he would be a very good house member if he hadn t kind of exposed himself so politically over these past several years. look, pelosi and in a sense boehner ruled the house with an iron fist but a velvet glove. even though they had that trait similar, what really sank john boehner was this motion to vacate the chair, when he was there, only one member of the house could call for essentially a vote of no confidence. what kevin mccarthy has given away is now, to say five members, and i bet by tomorrow, he s down to one member. they get to hang that over his head, which suggests even if he gets to the speakership
friday s closing bell marks the end of trading but not the end of the bear market. all three indices suffered their worst losses since 2008. workers bonuses were slashed, and retirees saw their savings shrink. cryptocurrencies crashed after flirting with mainstream step stance. fraud charges followed. unemployment remains low at 3.7%. but the pandemic driven real estate boom is over. the federal reserve raised interest rates crushing demand as intended. the median price of a home this year, now more than $398,000, up nearly 10% from last year, and pump prices have finally declined after a wild ride. they surged after russia s invasion of ukraine crossing $5 a gallon for the first time ever in june. they re now back to a number that starts with 3. still ahead on the cbs weekend news, it s a new year and a new congress. we ll look back at a house member who left his mark after a life of activism.
It wasn't just criminal referrals: The Jan. 6 committee also referred four House Republicans to the Ethics Committee for ignoring congressional subpoenas.
A provision in Obamacare stipulates that on January 1, 2014, Members of Congress and their staff will lose their current employer-sponsored health insurance provided through the Federal Employees Health Benefits Program (FEHBP).