Victor Reklaitis is a Washington Correspondent for MarketWatch. During his time at MarketWatch, he also has served in roles in the London and New York newsrooms. Prior to joining MarketWatch, he worked at Investor’s Business Daily and for newspapers in Virginia.
The House’s temporary speaker, Rep. Patrick McHenry, has seen a surge in his chances of getting the post on a more permanent basis, with one betting market putting them as high as 34% early Wednesday.
The rise in McHenry’s chances to 34% put them just below Jordan’s, which were at 36.5% early Wednesday, as shown in the chart below from Smarkets, a betting market. After the spike, the North Carolinian’s odds were down to 17%, while Jordan’s had slipped to 27%. It’s an “increasingly conventional take that McHenry should run the show,” said Liam Donovan, a former GOP operative who is now a principal at law and lobbying firm Bracewell, in a post on X late Tuesday.
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