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% on Wednesday.
The rise in McHenry’s chances to 34% put them above Jordan’s, which had dropped to 12.5% on Wednesday afternoon. That’s shown in the chart below from Smarkets, a betting market. 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.