Jeffries set to become first Black US Speaker, faces divided caucus
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House Republicans elected Judiciary Chair Jim Jordan as their new minority leader, a shift from the established leadership that presided over the midterm defeat. Jordan's victory elevates a Freedom Caucus founder, signaling a more hardline direction for the GOP conference. The outcome reflects internal party dynamics and may influence legislative strategy, though its market impact is limited.
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US Defense Secretary Pete Hegseth is facing formal impeachment proceedings in the House of Representatives, primarily over alleged unauthorized military action against Iran. This development is occurring amidst a significant fracture within the Republican Party following midterm losses, with President Trump publicly supporting Hegseth. The specific charges and the outcome of the proceedings remain uncertain, but the situation signals heightened political instability and a constitutional clash over executive war powers.
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