After spending the last 48 hours on life support, Kevin McCarthy’s bid for the speakership is seeing a potential revival.

Following a rollercoaster of a day during which the California Republican failed three more times to secure the 218 votes for the gavel, McCarthy and some of his critics finally got in a room and had what both sides are describing as productive conversations.

McCarthy has offered his critics a number of new concessions, though negotiations remain ongoing and...

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