Update:
While Rep. Kevin McCarthy says he’s “not going anywhere,” currently 20 Republicans oppose Rep. McCarthy moving into the role of Speaker of the House, as he’s now failed a third time to reach a minimum of 218 votes.
Rep. McCarthy ended the first two rounds of voting for Speaker of the House totaling 203 votes, then in the recently finished third round of voting, McCarthy dipped to 202 votes.
This is the first time in over 100 years that a second ballot will need to be used, and now the U.S. House of Representatives will be entering a fourth round of voting.
Original story:
The solution to avoid a second ballot would be for the House to go into quorum, discuss the vote, and come back with a majority. Though after a second ballot whoever gets the most votes could become the Speaker, in an act of avoiding any further delay.
As of now, and until a Speaker is selected, House members cannot be sworn in and will continue to use the Representative-elect title. The Clerk of the House, who is currently presiding over the vote, will continue to head the House until a Speaker is selected.
The voting will continue until a majority is gained for one candidate. This could take days or even weeks depending on how the member-elects vote. Though this will for sure remain close as the votes continue to come in.