Kevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.
Kevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.
  • Lawmakers this week were buzzing about a secret Ukraine side deal between Biden and Kevin McCarthy.
  • Billions of dollars in funding for Ukraine were left out of a last-minute spending bill.
  • But any deal the two struck was likely rendered moot after McCarthy was ousted from his speaker role Tuesday.

The political drama unfolding in Washington, DC, as former House Speaker Kevin McCarthy was ousted from his leadership role is likely to have implications far beyond the nation's capital.