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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Leadership

Kevin McCarthy drops out of race for House Speaker

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October 8, 2015, 1:01 PM ET
House GOP Leaders Address Media After House Republican Conference Meeting
WASHINGTON, DC - SEPTEMBER 29: U.S House Majority Leader Rep. Kevin McCarthy (R-CA) (L) listens as Speaker of the House Rep. John Boehner (R-OH) (R) speaks to member of the media after a House Republican Conference meeting September 29, 2015 at the U.S. Capitol in Washington, DC. House Republicans met to discuss GOP agenda including the government funding bill. (Photo by Alex Wong/Getty Images)Photograph by Alex Wong — Getty Images
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This story originally appeared on TIME.com.

The race to replace outgoing Speaker John Boehner has been upended, as the most likely successor has dropped out, according to social media posts from House Republicans.

California Rep. Kevin McCarthy, who had been under fire for the last week for comments on the Benghazi investigation, apparently ended his candidacy, causing the election to be postponed.

When Boehner announced that he would not continue as Speaker last month, the handoff to McCarthy, the current House Majority Leader, was supposed to be calm and orderly.

Read More: New Fight Over House Speaker Exposes Power of Conservative GOP Rebels

But McCarthy mishandled a Fox News interview, stating that the House committee to investigate the deaths of four Americans in Benghazi, Libya, was helping drive down Hillary Clinton’s poll numbers—a gaffe that gave the Democrat’s campaign a huge gift.

The room was stunned as McCarthy announced he is "not the right one" to lead the conference. At 8am he was at a forum making his pitch.

— Rep. Bill Huizenga (@RepHuizenga) October 8, 2015

He faced challenges from conservative Reps. Daniel Webster of Florida and Jason Chaffetz of Utah that, while longshots, made it difficult for him to win the speakership easily.

Read More: Why the House Speaker Fight Is Poised for Chaos

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