Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
When House Republicans faced the task of electing a speaker in the wake of former Speaker John Boehner’s retirement, it quickly became clear that it wouldn’t be a straightforward process. Despite a crowded field of potential speaker candidates, the Republicans quickly found themselves in a deadlock as a divided party struggled to come to a consensus on Boehner’s replacement. The voting process was stretched out over multiple ballots, leading to a drawn-out and chaotic process.
This ultimately led to the House being required to look back to square one and re-evaluate the speaker candidates. It became evident that in order for the House to have any chance of electing a speaker, larger concessions and compromises were needed. As a result, House Republicans eventually began to rally around Rep. Paul Ryan as their speaker candidate, and Ryan was elected on the fourth and final ballot.
In the aftermath of the election, it is clear that the Republicans had a tumultuous process that was not easy to overcome. However, it appears that the issue of electing a speaker was finally resolved, with the vote of confidence in Rep. Ryan signaling that House Republicans can move forward with a unified purpose.