Home / Market Update / Forex Market / US House Speaker Removed for First Time in History

US House Speaker Removed for First Time in History

It is the first time in the US history that House representatives have voted the Speaker out.

US House Speaker, Kevin McCarthy, has been removed from office for first time in history.

It follows a decision made by McCarthy over the weekend to cooperate with the Democrats to keep the government running rather than risk a shutdown.

It is a move that angered far-right Republicans, as McCarthy relied on Democratic votes to pass a temporary funding extension on Saturday that avoided a partial government shutdown.

Check Also

ExxonMobil

Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by …