McCarthy Fallout: GOP Fundraising Jitters

House Speaker Kevin McCarthy and his predecessor Nancy Pelosi shared an essential strength in modern-day politics that gave them an edge when it came to clawing their way to the top of their parties.

Both Californians are powerhouse fundraisers who spent years helping build out their majorities by showering their colleagues in tight reelections, as well as the party itself, with tens of millions of dollars in cash.