About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “GOP’s Liz Cheney Problem Shows ‘Mini-Revolution’ in Republican Party: Biden” – below is their description.
Representative Liz Cheney’s grip on her No. 3 House Republican job all but vanished as former President Donald Trump endorsed replacing her with New York Representative Elise Stefanik, who also has the backing of the chamber’s second-ranking GOP leader.
The former president’s intervention shows how he is determined to keep his hold on the party heading into the 2022 election and beyond, and how willing the GOP leadership is to give him that control.
Cheney has been a vocal and persistent critic of Trump and his unfounded claims of election fraud, which has left her increasingly isolated in the party. In his statement, Trump said Cheney “has no business in Republican Party Leadership.”
“Liz will have more to say in the coming days,” Jeremy Adler, a spokesperson for Cheney, said in a email Wednesday. “This moment is about much more than a House leadership fight.”
Stefanik, 36, who represents upstate New York, has been making calls to her colleagues to gauge support, according to a person familiar with the matter. House Republican Whip Steve Scalise’s backing indicates she’ll have the votes to replace Cheney at the next meeting of House Republicans, likely next week.Bloomberg Quicktake: Now YouTube Channel
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Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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The Republican Party, sometimes also referred to as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States, along with its main, historic rival, the Democratic Party.
It was founded on 20th March 1854 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Ronna McDaniel (chairwoman).