Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

What Bed Bath and Beyond's bankruptcy warning could mean for meme stocks

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.

The retailer, citing worse-than-expected sales, issued a “going concern” warning that in the upcoming months it likely will not have the cash to cover expenses, such as lease agreements or payments to suppliers. Bed Bath said it is exploring financial options, such as restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy.

Shares of the company fell about 30% to close the day at $1.69 after Bed Bath issued the updates in a pair of financial filings. The stock earlier touched a 52-week low earlier in the day. Its market value has fallen to about $149 million as of Thursday’s close.

A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida.

Joe Raedle | Getty Images News | Getty Images

Still, CEO Sue Gove said the retailer is focused on rebuilding the business and making sure its brands, Bed Bath & Beyond, Buybuy Baby and Harmon, “remain destinations of choice for customers well into the future.”

Among its challenges, Bed Bath said it is having trouble getting enough merchandise to fill its shelves and is drawing fewer customers to its stores and website.

The retailer also said it wasn’t able to refinance a portion of its debt, less than a month after notifying investors it planned to borrow more in order to pay off chunks of existing obligations.

Bed Bath’s debt load has been weighing on the company. The retailer has nearly $1.2 billion in unsecured notes, which have maturity dates spread across 2024, 2034 and 2044. In recent quarters, Bed Bath has warned it’s been quickly burning through cash.

Bed Bath’s notes have all been trading below par, a sign of financial distress. 

Stalled turnaround

Bed Bath has been through an especially tumultuous stretch, with the departure of its CEO and other top executives, companywide layoffs, store closures and an overhaul of its merchandise strategy. As sales declined, its CEO Mark Tritton got pushed out in June. Gove, who stepped in as interim CEO, has assumed the role permanently.

She laid out a comeback strategy in late August. As part of the plan, she said the company would cut costs by shrinking its store footprint and workforce. Gove said it would add back more items from popular national brands, as it shifted away from an aggressive private label strategy. And she said it had secured more than $500 million in new financing to help steady the business.

The company said during its last earnings report it believed it had enough liquidity to forge ahead.

In a news release Thursday, Gove said recent sales results illustrate why that turnaround plan is so important.

“Transforming an organization of our size and scale requires time, and we anticipate that each coming quarter will build on our progress,” she said.

The company is also looking for a chief financial officer after executive Gustavo Arnal died by suicide in September.

If you are having suicidal thoughts, contact the Suicide & Crisis Lifeline at 988 for support and assistance from a trained counselor.

Mounting losses

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Democrats' big presidential primary changes are still stuck in limbo

Declaring a state eligible for an early primary slot and making it so are two different things, however. Complying with the new calendar is an easy hurdle for South Carolina and Nevada, as state party leadership sets the primary date in South Carolina and Nevada’s primary date complies with current state law. Michigan, too, must change its date, but Democrats are expected to move forward easily with a bill given that they now control the state legislature. All three states submitted letters to that effect to the DNC in recent days.

But it’s more complicated for New Hampshire and Georgia, where there are Republican-controlled state legislatures.

In a letter submitted Thursday morning, New Hampshire Democrats asked the DNC to “reconsider the requirements,” which they argue should reflect the reality of their situation: A state law requires them to hold their primary a week before any other state in the nation, and the Republican-controlled legislature and governor’s mansion will not budge on changing their date or their current voter access laws.

Right now, the DNC wants New Hampshire to hold its primary on the same day as Nevada, four days after the South Carolina primary. That would “run up against New Hampshire law,” state Democratic Party Chairman Ray Buckley said in an interview with POLITICO.

“To punish us for something we have nothing that we can do about only hurts ourselves.” Buckley said. “It’s my hope that after further consideration and discussion that they would look at creating a plan that not only lifts up Black voices … but also recognize New Hampshire’s state law.”

Meanwhile, New Hampshire Republicans rolled out new legislation Wednesday to fortify the state’s first-in-the-nation status, including a state constitutional amendment, because “our historic tradition has been under attack by those looking to maybe repurpose it for their own political gain,” said state Sen. Regina Birdsell, a New Hampshire Republican.

“We will respond aggressively to anyone that attempts, like the DNC, or anyone, who attempts to take that away from us,” Birdsell said.

New Hampshire Gov. Chris Sununu, a Republican, echoed that commitment, calling any effort to change it “dead on arrival.”

Should New Hampshire Democrats ultimately hold their primary on a date that’s not backed by the DNC, they could face an array of potential sanctions, including automatically losing half their delegates. Candidates who campaign in a state going outside the prescribed order could also face punishment. The DNC broadly empowered the national party chair last year to take any other “appropriate steps” to enforce the new early window.

“If they choose to create any level of sanctions, obviously, we will deal with any that relate to us specifically,” Buckley said.

Democrats face serious hurdles changing the primary date in Georgia, too. The Georgia Secretary of State’s office already ruled out the possibility of splitting the Democratic and Republican primaries into two dates, said Deputy Secretary of State Jordan Fuchs, citing the cost to taxpayers.

Any changes would also need “to be equitable to both political parties,” Fuchs added.

The Republican National Committee, for its part, voted to retain its current early-state lineup: Iowa, New Hampshire, South Carolina and then Nevada. Any state going outside of that order, according to the RNC’s rules, would also face sanctions.

“You have to talk to Republicans if you want to make this work,” said one Georgia operative involved in the calendar process. “Not a single Republican is saying, ‘I want to pick up this gauntlet.’”

Of the move to add Georgia, the operative noted, Democrats “laid no groundwork, no bipartisanship buy-in on it.” Instead, “they surprised everyone.”

The calendar approved in February may not necessarily hold beyond 2024. A number of DNC members privately noted that the review process is already in place to reconsider the 2028 lineup by 2026, meaning that “this is a calendar for 2024, but not necessarily for 2028,” said one Rules and Bylaws committee member.

“There will be a new RBC committee, new DNC leadership, and we hope that we can appeal to them,” Buckley said, when asked about 2024 setting a precedent for future cycles. “I certainly think that the multiple candidates that would be running, or consider running, in 2028 would make their voices clear, too.”


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10 reportedly injured in shooting at Miami restaurant during French Montana video shoot

Latest & Breaking News on Fox News 

Authorities are continuing to investigate a shooting outside a Miami Gardens restaurant Thursday night which left at least 10 people injured, according to multiple reports.

The shooting may have involved rappers French Montana and Rob49, as the two were recording a music video in the area, according to WFOR-TV.

Miami Gardens police responded to the shooting outside The Licking restaurant just before 8 p.m., where they found multiple victims, according to WSVN. Police have not confirmed the number of injured, though sources told the station it was more than 10.

Paramedics and Miami-Dade Fire Rescue also responded to the scene, transporting four of the victims to area hospitals, with one in critical condition.

FLORIDA BUSINESS PARTNERS DIE AFTER SHOOTING EACH OTHER IN DISPUTE AT WORK, POLICE SAY

Other victims transported themselves to the hospital, WFOR reported.

A witness of the shooting told WFOR-TV that it happened during rapper French Montana’s music video, which was being recorded near the restaurant. 

The witness recalled hearing 10-15 gunshots before seeing people ran chaotically.

“We’re still working [the scene]. Yeah, there’s multiple shots, there’s multiple cases,” said MGPD detective Diana Gorgue, per WSVN. “We’re still working. We can’t confirm any numbers at this moment, because everything is still fresh, and they’re still investigating.”

FLORIDA JAIL DEPUTY SOLD POT BROWNIES TO INMATES USING CASHAPP: POLICE

According to WSVN, witness Ced Mogul said he came out of the restaurant to watch the rapper shoot the video. At some point a person in the crowd watching the production was robbed of his watch and wallet, which caused the situation to escalate, Mogul explained.

Mogul said, “It was like at least 13, 14, 15 gunshots. It was very rapid, it sounded like an assault rifle. I took off running, and I was looking back, but I was like, ‘You know what? Let me just duck first, and then people started asking me, you know, ‘Can you help me?’ When I realized people were asking for help, there was nothing you could do about it when you got shot.”

The status of the other victims is not known at this time.

Police have not provided information on a possible suspect or suspects but remain on the scene.

This is a breaking story. Check back later for updates.

 

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Biden will send Bradley Fighting Vehicles to Ukraine. And tanks could be next.

The move to send modern infantry fighting vehicles to Ukraine could pave the way to supplying the more powerful Western tanks, something U.S. and European allies have so far been reluctant to do, say experts and two U.S. officials.

Those could include Germany’s Leopard tanks or even the U.S. Army’s M1 Abrams, said experts and the officials, who spoke on condition of anonymity to talk about ongoing discussions.

Western tanks — as opposed to less powerful wheeled vehicles with smaller main guns — would be a game-changer for Kyiv, which already operates Soviet-era tanks from its own inventories and others provided after the invasion by European nations. A Leopard or Abrams is more mobile, accurate and has longer range compared with the old Soviet tanks. They are also more effective at protecting troops than the older tanks or even the Western infantry fighting vehicles as Ukraine continues to suffer large losses on the battlefield.

Indeed, while President Volodymyr Zelenskyy on Wednesday thanked France for the AMX-10, he urged other allies to provide tanks and other heavy weapons.

“There is no rational reason why Ukraine has not yet been supplied with Western tanks,” he said.

The 50 Bradleys are part of an overall aid package to be announced Friday worth $3.8 billion, according to a person familiar with the matter, who requested anonymity to speak ahead of an announcement. The package sets aside $2.25 billion for Ukraine, which will also include 155mm artillery shells. Another $682 million in military financing will go to Eastern European countries to allow them to buy American weaponry and military equipment. Ukraine will also receive $225 million in military financing.

The package will for the first time include radar-guided Sea Sparrow anti-air missiles, which can be launched from the sea or on land to intercept aircraft or cruise missiles. In a bit of battlefield innovation, the Ukrainian military has managed to tweak its existing Soviet-era BUK launchers to fire the Sea Sparrow, two people familiar with the matter said. Up to this point, Taiwan has been the only country to operate the ground-launched version of the missiles, while the U.S. and multiple allied navies use the ship-mounted version.

Bloomberg first reported that the administration was considering sending Bradleys. The vehicles are designed to work in tandem with the Abrams, providing a “complementary” capability, said retired Lt. Gen. Ben Hodges, a former commander of U.S. Army Europe.

“This is the next step by the administration to provide something that they have been reluctant to do in the past, so this hopefully signals recognition by the administration that the Russians really cannot escalate each time we provide a new capability,” Hodges said.

A Defense Department spokesperson declined to comment on the tank issue.

The Bradley alone would be a significant capability boost for Ukraine. The U.S. has already sent more than 2,000 combat vehicles, including hundreds of mine-resistant vehicles and Humvees that Kyiv has used to push through Russia’s defenses. But the U.S. Army’s gold standard infantry fighting vehicle, the Bradley, is a faster, better-protected update to the M113 armored personnel carrier.

In addition to the 25mm Bushmaster chain gun, it is also armed with two TOW antitank missiles and a 7.62 coaxial machine gun.

“The Brad (or [Infantry Fighting Vehicle]/[Cavalry Fighting Vehicle]) is NOT a tank, but it can be a tank killer,” tweeted retired Lt. Gen. Mark Hertling, also a former commanding general of U.S. Army Europe.

The Bradley is also considered to be a less escalatory choice than the Abrams for an administration still concerned about provoking Moscow. But it will be lethal on the battlefield, particularly when paired with Kyiv’s Soviet-era tanks, Hodges said.

“A big part of combined arms warfare is that you have protected infantry that can move alongside tanks, keep up with them, and that’s part of what combined arms is all about: infantry armor artillery,” Hodges said. “By having your infantry moving along with them, that makes it that much more lethal.”

The U.S. Bradley and the French AMX-10, if deployed by the spring in time for renewed Ukrainian offensives in the east, will provide a potent new capability for Ukrainian forces. The AMX-10 has been used as a reconnaissance vehicle and tank killer by French forces in the past, and its high maneuverability and speed would allow Ukraine to hit hard and fast in small engagements. Its relatively light armor is a drawback against heavy Russian guns, however, making speed the key.

“The French vehicle has a lot of firepower, it just doesn’t have a lot of protection,” said Nick Reynolds, a research analyst at the U.K.-based Royal United Services Institute think tank. “It is ultimately a wheeled vehicle which makes it vulnerable, even if it does have fairly good off-road mobility.” The vehicle’s gun can likely take out Russian T-72 tanks and armored infantry carriers, however.

One adviser to the Ukraine government told POLITICO that Washington and Kyiv have been talking for months about sending heavier armor. One of the main sticking points has been identifying which units or storage facilities have the right vehicles available for export, along with some concerns over advanced optical and communications equipment included in newer models.

The Pentagon last month announced an expansion of its training program for Ukrainian forces at a U.S. base in Germany, both in size and scope. The new program will expand training to a battalion’s worth of roughly 500 soldiers a month, and will also include instruction on how to coordinate infantry maneuvering with artillery support, called “combined arms operations.”

Now that the administration has approved sending the Bradleys, the trainees will likely be instructed on how to more effectively maneuver the vehicles alongside existing tanks and infantry. Lighter and more agile than a tank, the Bradley can hold up to 10 soldiers, who will be able to come off the back carrying Javelin antitank missiles, Hodges noted.

For Ukraine, Bradleys and Western tanks can’t come soon enough. Zelenskyy said Tuesday that Russia is planning a second mobilization for a major new offensive early this year. And last month, Gen. Valeriy Zaluzhnyi, Ukraine’s top military leader, told The Economist that he believes Russia could make a push to take Kyiv as soon as January.

Ukrainian officials have been begging for hundreds more tanks, infantry fighting vehicles and howitzers to help repel Russian attacks, particularly strikes on cities and civilian infrastructure.

“We are balancing on a fine line. And if [the power grid] is destroyed … that is when soldiers’ wives and children start freezing,” Zaluzhnyi told The Economist. “What kind of mood the fighters will be in, can you imagine? Without water, light and heat, can we talk about preparing reserves to keep fighting?”

The administration may still be reluctant to send Abrams tanks, however, due to the significant training and logistics involved. Maintenance in the field will be a challenge, especially without a supply of parts. A tank division can also guzzle up to 600,000 gallons of fuel a day, potentially slowing Ukraine’s movement.

The Bradley’s logistical requirements are “terrifically less burdensome than, say, those associated with an M1,” one of the U.S. officials said. “Our M1s would be a logistics burden that we would not want to put on [Ukraine] until they and we were confident they were ready.”

However, Hodges said the training and logistics challenge is “a solvable problem” if the U.S. begins instructing Ukrainian forces on the systems now.

“Let Ukraine pick 100 tankers that are experienced tank mechanics and send them to wherever the U.S. has Abrams tanks in Poland or send them back to Fort Benning, Ga., where the armor school is, and let them start learning now,” he said.


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SEAN HANNITY: Republicans should heed Ronald Reagan’s advice amid speaker battle

Latest & Breaking News on Fox News 

Fox News host Sean Hannity reported tonight that a deal is being constructed that intends to go a ‘long way’ to settling differences in the GOP’s House speakership fight. 

SEAN HANNITY: Tonight with some good news I can confirm, major negotiations have been going on all day behind the scenes while these votes were taking place today with Kevin McCarthy and many of the Republican holdouts. And I can report that at this hour, a document is being put together that will go a long way to settling differences.

 Will it get Kevin to 218? We won’t know until probably sometime tomorrow, maybe Monday. If anything, it would just probably be a couple of votes short. But certainly progress. It is real tonight at this hour. No doubt you, the American people, are being patient, but that patience is wearing thin. The vote totals remain as of now unchanged three straight days. 

We have 200 Republicans supporting McCarthy, 20 supporting somebody else. In the past 24 hours, Kevin McCarthy has made several additional assurances to the holdouts. This is before these meetings today, including a new one vote threshold for a motion to vacate. In other words, one Republican can force a vote to oust the speaker if he doesn’t keep his promises. And McCarthy also agreed to add Freedom Caucus members to the all important Rules Committee and committed to stand-alone votes for each of the 12 approach appropriations bills, as well as a vote on term limits for members of Congress… McCarthy has already laid out his commitments to America. It’s on paper. He signed his name. That is a promise in cement.

ELON MUSK TWEETS SUPPORT FOR KEVIN MCCARTHY, AS SPEAKER VOTE HEADS INTO THIRD DAY

He’s given detailed promises on the economy, including less government spending, fewer regulations, domestic energy production, energy independence, protecting against China, surrounding our supply chain issues. Also, promises related to foreign policy, border security, ending Biden’s catch and release, and, of course, bringing back the successful Trump policies on the border. Funding the police, yes, that’s important. Parental rights, big tech and big government censorship. Election integrity. Protections for the First and Second Amendments and a lot more of that document. He signed his name to it. This is an agenda that Republicans support. It includes key investigations, oversight, a firm stance against all of Biden’s reckless policies. And by the way, he has agreed to every investigation we have discussed up to date. 

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Trump supporters celebrate after Gaetz nominates former president for House speaker: ‘Fantastic’

Latest & Breaking News on Fox News 

Rep.-elect Matt Gaetz, R-Fla., caused a stir on social media after voting for former President Donald Trump to become Speaker of the U.S. House of Representatives Thursday. 

A group of about 20 Republicans, including Gaetz, Rep.-elect Lauren Boebert, R-Colo., and others, have voted against McCarthy and labeled him a member of “The Swamp” as the vote for speaker has gone through 11 rounds over three days.

Gaetz voted for Trump during the seventh and eighth rounds of voting, then officially nominated him during the eleventh round.

Anthony Sabatani, chairman of the Lake County Republican Party and a former Florida House Rep., tweeted, “BREAKING: MATT GAETZ JUST VOTED TRUMP FOR SPEAKER—LEEEETTTSSSGOOOOOO!!!!!!!”

THE VOTE FOR HOUSE SPEAKER

The Columbia Bugle, a popular conservative Twitter account, tweeted a picture of then-President Trump hugging an American flag and smiling widely with the hashtag #SpeakerTrump.

Paul A. Szypula, a former U.S. Senate candidate and conservative commentator, tweeted, “Rep. Gaetz just voted for Donald John Trump to be Speaker of the House. Trump wears a US flag pin on his jacket. McCarthy wears a Ukraine flag. That says it all.”

“Imagine this scenario. Donald Trump elected Speaker of the House on January 6. I know it’s not gonna happen. It’s a dream but it would be fantastic,” Carmine Sabia, a conservative writer, tweeted. 

“Who wants President Trump elected Speaker so he can conduct the J6 investigations and expose Nancy Pelosi on the national stage?” Rogan O’Handley, who runs the DC_Draino newsletter asked.

Founder of Revolver News and former Trump speechwriter, Darren J. Beattie, said, “Donald Trump as Speaker is the only meaningful outcome to all of this.”

HOUSE SPEAKER VOTE: HERE ARE THE 21 REPUBLICANS WHO AREN’T VOTING FOR KEVIN MCCARTHY

“The 7th House Speaker vote is occurring now. McCarthy still doesn’t have the votes. Matt Gaetz voted for President Trump,” Scott Presler, a conservative activist, tweeted. 

“Republicans won the popular vote in 2022. Still, Americans largely distrust the gov’t. With the passing of the reckless $1.7 trillion omnibus bill, that gap widened. There isn’t a consensus on the House Speaker b/c members want to ensure this doesn’t happen again,” he added.

“I get how you feel: What’s the point of a Republican House if only means a tap on the breaks? If unity means concessions & surrender, the voters aren’t buying. We don’t want empty platitudes. Instead, we want a disciplined majority to hold the gov’t accountable for its actions,” he continued Thursday evening.

Other conservatives have also been critical of McCarthy. Michael Johns, a co-founder of the National Tea Party movement and former speechwriter for President George H.W. Bush, tweeted “From ’17 to ’19, @kevinomccarthy was Majority Leader when we controlled the House, Senate, and White House. We had no higher national priority then than ensuring the border wall was funded. But he and @PRyan never delivered. Result: Our nation is now under a vast invasion.”

Some conservatives from other wings of the party were less enthusiastic about the Trump nomination, however. T. Becket Adams, program director of the Young America Foundation’s National Journalism Center, tweeted, “good job putting him in the running in another race he will lose.”

“Gaetz has no plan for actually accomplishing a non-McCarthy speaker. He’s just doing random crap for attention. He’s now repeatedly voted to make Speaker people whose judgment tells them to make McCarthy Speaker,” Sunny McSunnyface, a prominent conservative Twitter account, posted.

Trump announced his candidacy for president in November, and has endorsed Kevin McCarthy for Speaker.

 

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West Virginia officials find suspected human remains two hours from where missing woman last seen

Latest & Breaking News on Fox News 

Officials in West Virginia have found suspected human remains on Thursday amid a search for missing Gretchen Fleming.

Fleming, 28, was last seen during the early morning hours of Dec. 4 at My Way Lounge in Parkersburg, where she left with an unnamed male.

She was reported missing by her family on Dec. 12.

About two hours outside of Parkersburg, where Fleming went missing, suspected human remains were found in Elm Grove, according to WTOV.

MISSING WEST VIRGINIA WOMAN GRETCHEN FLEMING LAST SEEN AT BAR WITH PERSON OF INTEREST, POLICE

Ohio County Sheriff Tom Howard told the FOX affiliate that officials were led to the suspected human remains on Thursday after his office got a call from another department regarding a missing person.

Howard said that the remains were taken to Kepner Funeral Home where a medical examiner will perform an investigation.

Parkersburg Police Lt. James Stalnaker previously told Fox News Digital that the unnamed male is a person of interest.

“He is a person of interest in this investigation,” Stalnaker said. “We know she left with him. We believe that she traveled back to his residence with him. He’s given inconsistent statements.” 

OHIO WOMAN ACCUSED OF KIDNAPPING TWINS CHARGED IN TWO STATES

“Through his own admission, she was at one point in his vehicle, but he’s claiming she didn’t make it to his house,” he said. “There is no indication they knew each other prior to this night.”

Stalnaker also said that Fleming left her purse at the bar, which held her phone as well as debit and credit cards.

According to police, Fleming showed up at the bar with a different person. 

People with information about the incident are encouraged to contact lead Detective James Zimmerman at 304-424-1072 or the police department at 304-424-8444.

Fox News’ Rebecca Rosenberg, Chris Eberhart, and Haley Chi-Sing contributed to this report.

 

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Past time for McCarthy to bow out

Just In | The Hill 

As of this writing, Kevin McCarthy just suffered his 11th public defeat in his attempt to earn the Speaker’s gavel. In spite of months of negotiations and the endorsement of Donald Trump, McCarthy has been unable to sway 20 of the farthest right members of his caucus.

It’s been a fascinating study in the minority ruling the majority and it’s getting uglier by the minute. Journalists have reported on every detail of the hold-out representatives. Nearly all are MAGA Republicans. 

While they account for less than 50 percent of the group, 19 of them are members of the Freedom Caucus. Seventeen of them were endorsed by former and twice impeached President Donald Trump, voting against McCarthy in spite of Trump’s endorsement of the establishment candidate. 

Perhaps most telling, 12 of the “Never-Kevin Caucus” have openly denied the results of the 2022 elections and 14 of them were objectors on Jan. 6, 2021, voting to overturn the results of the presidential election.

And some have personal axes to grind with McCarthy, like Matt Gaetz of Florida, who clearly, personally detests him. Gaetz, owner of the 118th Congress’ largest ego, wrote a petty missive to the Office of the Architect of The Capitol essentially tattling on McCarthy for using the Speaker’s office prior to being elected

And then there are those like North Carolina Rep. Dan Bishop, who says he is committed to institutional change in the House and he doesn’t trust McCarthy to deliver. Bishop is also an election denier.

And don’t forget Rep. Andy Biggs of Arizona, an election denier and objector who simply wants the trophy of having blocked institutional establishment favorite Kevin McCarthy.

They are a disparate lot in many ways, but there is a single thread that weaves them together in their war against McCarthy. They are hungry for power and attention, in spite of their minority, and they don’t care what the consequences may be to the nation in their pursuit.

And they are becoming more powerful — more dangerous — with each passing vote for Speaker.  

They’ve discovered that their power doesn’t lie in the hands of the GOP or Trump. 

They’ve learned from Trump himself the power of performative politics. They’ve learned how to use social media and cable TV to strengthen their position and increase their influence in spite of their limited numbers. They’ve earned how to fundraise off of chaos and fiery speeches. Every one of them will build reelection campaigns on their unwavering opposition to the party’s choice for Speaker.

They represent just 5 percent of House membership and have found a way to stall the forward movement of the entire government. Their actions are causing their party to unravel in the most spectacular fashion right before our eyes. They are unafraid and indifferent to the incoming insults and slurs.

They have already gained promises from McCarthy on nearly every demand they’ve made for rules changes and limiting the power of the Speaker and influencing primaries. Yet they continue to withhold their support, setting him up for one humiliating loss after another.  They are fueled by anger and avarice rather than by principle or rectitude.

They will never vote for Reps. Steve Scalise (La.), Elise Stefanik (N.Y.) or any other member of current leadership. Chaos is their only goal.

And that’s what McCarthy doesn’t understand. None of these 20 are interested in making a deal with him. They have no interest in coalition building, problem solving, or effective government. They represent the most disaffected voters among the Republican base, yet McCarthy has treated them like serious actors, offered compromises and favors, and continues to this moment to try to advance to the Speakership through a traditional political route.

McCarthy cannot and will not win their support. They have always been, and will always be, the “Never-Kevin Caucus.” Unless he’s able to win the votes of Democratic congressmen, McCarthy will never be Speaker of the House. And with such a slim Republican majority, the Democrats have no motive to clean up this very destructive, very public, GOP mess.

It is long past time for McCarthy to put country first and leave the race. But he is no more likely to put country first than the those who are blocking his rise to power are. In that manner, at least, McCarthy and the Never-Kevin Caucus have something in common.

Jennifer Horn is a registered Independent who previously served as the New Hampshire GOP chairman, a RNC Executive Committee Member and GOP congressional candidate.

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Anti-McCarthy Republicans, Dem leader Jeffries fundraise off of stalled House speaker vote

The drama surrounding Republican leader Kevin McCarthy’s stalled bid to become the next speaker of the House has garnered nationwide attention, and now, those who oppose McCarthy’s nomination, including one prominent Democrat, are asking their supporters for financial support.

The House of Representatives headed into its eleventh vote to determine the House speaker on Thursday night as 21 Republicans continue to withhold their support for GOP Leader Kevin McCarthy of California.

Of the 21 Republicans, at least two – Florida GOP Rep. Matt Gaetz and Arizona GOP Rep. Andy Biggs – have issued emails to supporters calling for donations amid their fight to prevent McCarthy from obtaining the speaker’s gavel.

In a Thursday evening email from Gaetz, who has seemingly led the GOP movement against McCarthy in the House, the congressman wrote: “Maybe the right person for the job of Speaker of the House isn’t someone who has sold shares of himself for more than a decade to get it…”

HOUSE SPEAKER VOTE: HERE ARE THE 21 REPUBLICANS WHO AREN’T VOTING FOR MCCARTHY

Rep. Matt Gaetz R-Fla., delivers remarks in the House Chamber during the third day of elections for Speaker of the House at the U.S. Capitol Building on January 05, 2023 in Washington, DC.

Rep. Matt Gaetz R-Fla., delivers remarks in the House Chamber during the third day of elections for Speaker of the House at the U.S. Capitol Building on January 05, 2023 in Washington, DC.
(Anna Moneymaker/Getty Images)

“If you want to Drain the Swamp, you CANNOT put the biggest alligator in charge of the exercise,” Gaetz told his supporters in the email. “But that’s exactly what we would get with a McCarthy Speakership…”

“I need to know if you’ll stand with me on this. Consider this your opportunity to show how the MAGA Base feels about a Cavin’ McCarthy Speakership. If you’re a “NO” Vote like I am… Please make that LOUD AND CLEAR by clicking the button below,” he said, including a link to his campaign donation page.

Like Gaetz, Biggs, who has strongly opposed McCarthy’s bid for speaker, also sent out a campaign email requesting financial assistance from his supporters, according to New York Times reporter Nick Confessore.

“We BLOCKED Kevin McCarthy from becoming Speaker of the House,” Biggs reportedly wrote in the email. “…but now, we conservatives must lead the fight to get the leadership we deserve. Saving this country from Joe Biden and the Left is going to be tough. That’s why we need a leader who has the record, skill, and ferocity to lead the House GOP.”

From left to right: Reps. Democrat Hakeem Jeffries of New York, Republican Matt Gaetz of Florida, Kevin McCarthy of California, and Republican Andy Biggs of Arizona.

From left to right: Reps. Democrat Hakeem Jeffries of New York, Republican Matt Gaetz of Florida, Kevin McCarthy of California, and Republican Andy Biggs of Arizona.
(Nathan Howard, Joe Raedle, Alex Wong, Tom Williams/CQ-Roll Call, Inc via Getty Images )

THE VOTE FOR HOUSE SPEAKER

“But I am running out of time to win over my colleagues. Can I count on your support as I fight for a conservative Speaker…and finally put the Establishment on notice,” Biggs added, including a link where donations could be made.

Democrats are also using the holdup in the House by Republicans to fundraise.

In an email titled “embarrassing chaos” – which was sent Thursday evening by incoming Democratic leader Hakeem Jeffries – the newly elected Democratic leader told his supporters that he lacks the total number of donations to “show that Democrats are united and ready to lead our country.”

“Republicans have now failed 6 times to elect a Speaker of the House. This hasn’t happened in over 100 years,” Jeffries said in the campaign email. “I’ll be blunt: Republicans are incapable of governing. And they’re putting politics over the American people. But if Democrats stick together in this historic moment, we have an opportunity to show how powerful we are.”

Jeffries’ email also contained a list of links where his supporters could make donations.

Rep. Hakeem Jeffries, D-N.Y., conducts a news conference after a meeting of the House Democratic Caucus in the Capitol Visitor Center on July 13, 2022.

Rep. Hakeem Jeffries, D-N.Y., conducts a news conference after a meeting of the House Democratic Caucus in the Capitol Visitor Center on July 13, 2022.
(Tom Williams/CQ-Roll Call, Inc via Getty Images)

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Twenty of the GOP members-elect have voted for other candidates while one has voted present – or not voting for any candidate – amid the tumultuous votes.

The 21 House Republicans who haven’t voted for McCarthy are Reps.-elect Andy Biggs of Arizona, Dan Bishop of North Carolina, Lauren Boebert of Colorado, Josh Bechreen of Oklahoma, Michael Cloud of Texas, Andrew Clyde of Georgia, Eli Crane of Arizona, Matt Gaetz of Florida, Bob Good of Virginia, Paul Gosar of Arizona, Andy Harris of Maryland, Ana Paulina Luna of Florida, Mary Miller of Illinois, Ralph Norman of South Carolina, Andy Ogles of Tennessee, Scott Perry of Pennsylvania, Matt Rosendale of Montana, Chip Roy of Texas, Keith Self of Texas, Byron Donalds of Florida and Victoria Spartz of Indiana.

Spartz – who has voted present in recent rounds after initially backing McCarthy – is the one Republican of the 21 who has yet to vote for a McCarthy opponent.

Fox News’ Houston Keene contributed to this report.


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Bills-Bengals game postponed after Damar Hamlin’s cardiac arrest won’t be made up, NFL says

US Top News and Analysis 

Buffalo Bills players kneel after teammate Damar Hamlin #3 collapsed following a tackle against the Cincinnati Bengals during the first quarter at Paycor Stadium on Jan. 2, 2023 in Cincinnati, Ohio.
Kirk Irwin | Getty Images Sport | Getty Images

The postponed Buffalo Bills-Cincinnati Bengals game will not be made up following the terrifying collapse of safety Damar Hamlin, the league said Thursday.

With one game left in the regular season, the NFL is still working out the details of how the now-canceled game will affect seeding for the playoffs, which begin Jan. 14-15.

The NFL acknowledged that canceling the game “creates potential competitive inequities in certain playoff scenarios,” and said NFL clubs will consider a resolution at a special league meeting Friday.

Part of it could involve the Jan. 29 AFC Championship Game being played at a neutral site.

NFL Commissioner Roger Goodell said in Thursday’s statement that “This has been a very difficult week,” and the league is focused on Hamlin’s recovery.

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Because of the one canceled game, the Bills and Bengals will have played 16 games, while all other NFL teams will have played 17.

The Bills had long ago clinched the AFC East and were in the driver’s seat for the No. 1 seed in the conference. Now at 12-3, Buffalo trails 13-3 Kansas City for the AFC’s top spot, which carries a first-round playoff bye.

Had the Bills won Monday night, they would have had as many wins as the Chiefs while holding a tiebreaker over Kansas City.

This weekend, Buffalo plays New England; Cincinnati plays Baltimore; and Kansas City plays Las Vegas.

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In the resolution to be considered by NFL teams Friday, the AFC Championship Game would be played at a neutral site under three scenarios, according to the NFL:

If Buffalo and Kansas City both win or both tie, Buffalo vs. Kansas City would be at a neutral site for the championship.If Buffalo and Kansas City both lose and Baltimore wins or ties, Buffalo vs. Kansas City would be at a neutral site.And if Buffalo and Kansas City both lose and Cincinnati wins, a Buffalo or Cincinnati vs. Kansas City championship game would be at a neutral site.

Another component is if Baltimore beats Cincinnati, the NFL said. In that case, Baltimore would not host a playoff game because Cincinnati will have a higher winning percentage based on the games each played.

If Baltimore beats Cincinnati and both teams end up facing each other in the Wild Card, a coin toss will determine who hosts.

Monday’s key contest between first-place Bills and Bengals was called off shortly after 10 p.m. ET that night, with the NFL saying the game had been “postponed” — leaving the door slightly ajar for Buffalo and Cincinnati to restart play at another time.

When Hamlin went down, the Bengals were leading, 7-3, in the first quarter.

Hamlin collapsed moments after tackling Bengals receiver Tee Higgins. The play appeared to be routine as Hamlin quickly got up and briefly grabbed or adjusted his own face mask before falling backward.

Hamlin suffered cardiac arrest, but his brain function appeared to be in good condition, the Buffalo Bills said Thursday, following days of uncertainty and worry.

“Damar has shown remarkable improvement over the past 24 hours,” the team tweeted. “While still critically ill, he has demonstrated that he appears to be neurologically intact.”

In their final regular season games, the Bills will host the New England Patriots and the Bengals are home to the Baltimore Ravens. Both games are at 1 p.m. ET on Sunday.

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The now-canceled game wouldn’t have mattered as far as any other team making or not making the playoffs, which the NFL said was a factor in the decision.

In Thursday’s statement about the canceled game and postseason, Goodell said the league strove to minimize disruptions and inequalities.

“I recognize that there is no perfect solution,” Goodell said. “The proposal we are asking the ownership to consider, however, addresses the most significant potential equitable issues created by the difficult, but necessary, decision not to play the game under these extraordinary circumstances.”

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