United States House Committee on Financial Services News & Breaking Stories

GameStop and AMC stocks surge after Roaring Kitty returns to social media, sparking retail investor excitement and meme stock rally.

Republicans elect Rep. Mike Johnson as House speaker, ending weeks of political chaos and ready to get to work.

House Republicans nominate Tom Emmer as their candidate for speaker, the third pick in three weeks. Emmer is a moderate with support for same-sex marriage and aid for Ukraine.

Growing opposition to Rep. Jim Jordan's bid for Speaker of the House has sparked calls to empower Rep. Patrick McHenry with new powers to get the House operational again. McHenry, who currently oversees the chamber as Speaker Pro Tempore, would be faced with challenges such as government spending fights and ongoing cryptocurrency efforts. The idea has gained support from prominent conservative figures, including three former GOP House speakers, and Democrats have also expressed support for expanding McHenry's authorities. However, the proposal faces challenges from Jordan and his allies, and the extent and duration of McHenry's powers are still up for debate.