Rep. Kevin McCarthy of California announced Monday he’s running for House speaker. In an email to House Republicans, McCarthy said he’s seeking the seat being vacated by current Speaker John Boehner, and that the House GOP’s work is “far from done.” McCarthy is considered the favorite and must win a majority of votes cast in the House to be elected to the speaker job.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News