Written By
Sheikh Hasib Ahmed
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The first time a congressional revolt has successfully removed a House speaker in American history was when a small group of far-right Republicans responded to last weekend's shutdown agreement by toppling House Speaker Kevin McCarthy on Tuesday.
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Rep. Matt Gaetz (R-Fla.), who led the effort and supported the resolution with a yes vote, was assisted by seven other Republicans and 210 House Democrats to bring an eventful day on Capitol Hill to a close.
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It had been more than a century since the pioneering technique, properly known as vacating the chair, had been used.
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Lawmakers anticipated a protracted surge of governmental instability in the days and weeks ahead as the discussion dragged on Tuesday afternoon and the outcome became increasingly obvious.
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The best way to say it was likely when Rep. Tom McClintock (R-Calif.) said, "The House will be paralyzed; we will endure week after week of meaningless ballots while no other business can be conducted."
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Economic analysts also noted that the impending stalemate might have an impact on the economy and is possibly the last thing that is needed with a fresh government shutdown deadline looming in just a few weeks.
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According to Brian Gardner, chief Washington policy strategist at Stifel, "markets may respond negatively to government dysfunction." After the markets had closed for the day on Tuesday, the voting was completed in the late afternoon.
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Greg Valliere, chief US policy strategist at AGF Investments, added, "We've never seen anything like this," in a letter to investors on Tuesday morning, just before the vote.
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In the interim, until lawmakers choose a new speaker, Rep. Patrick McHenry (R-N.C.) serves as the House's speaker pro tempore.