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Congressman Kevin McCarthy (R-California) has just announced that he is dropping out of the race for House Speaker.
This is a breaking story, so details remain sparse. However, McCarthy’s exit today suggests that the power of the conservatives, who just yesterday threw their backing to Daniel Webster (R-Florida), is very strong. With two of the top guys from the old Republican leadership out, things are now certainly going to change in the House. This opens up the Speaker election, making it possible for a new compromise candidate to step forward. More important, that candidate is going to have to respect the demands of the conservative wing, which forced this election.