CNBC
House Majority Leader Kevin McCarthy has pulled out of the race for House Speaker, throwing further doubt on congressional leadership ahead of crucial budget negotiations, NBC News confirmed Thursday.
The California Republican had been considered the frontrunner to replace John Boehner after he surprisingly announced he would leave at the end of October. House Republicans said that the party's leadership election would be pushed to a later date.
At a meeting, McCarthy told Republicans "I am not the one at this time," expressing doubt that he could garner the 218 votes needed to win the position.
House Majority Leader Kevin McCarthy has pulled out of the race for House Speaker, throwing further doubt on congressional leadership ahead of crucial budget negotiations, NBC News confirmed Thursday.
The California Republican had been considered the frontrunner to replace John Boehner after he surprisingly announced he would leave at the end of October. House Republicans said that the party's leadership election would be pushed to a later date.
At a meeting, McCarthy told Republicans "I am not the one at this time," expressing doubt that he could garner the 218 votes needed to win the position.