The new, 56th, Speaker of the US House of Representatives was Representative from the Republican Party Mike Johnson. He received 220 votes. In order to take this post, he needed at least 217 votes. What is known about the new speaker? Johnson is known for his controversial views on international issues: he is against providing financial assistance to Ukraine, arguing that the United States should focus on solving its internal problems, but stands for supporting Israel. He is also known for his closeness to former US President Donald Trump. Johnson worked on Trump's legal team and actively defended him during two impeachment proceedings. The main problem of the United States today remains the country's budget. Congress has until November 17 to approve financial plans for next year, but it's getting harder to agree. Johnson, like all Republicans, is in favor of spending cuts. However, the White House and the Senate are controlled by Democrats, which means a compromise is necessary and party members can give the speaker more «freedom». President Biden is demanding a $100 billion aid package. And there are more problems here: Johnson previously voted for the HR 2670 bill, proposing to exclude aid to Ukraine from the budget. In addition, Johnson opposes recent military support packages. As you know, Republicans generally do not support financial assistance to Ukraine, and the new speaker will promote this line. It will become more difficult to allocate funds. However, the issue of financing Israel is still being discussed – the Democrats have proposed a comprehensive package of support for both countries.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
