CNN Philippines on Twitter: "THREAD: Rep. Alan Peter Cayetano goes live on  Facebook as Rep. Lord Allan Velasco's House speakership is formalized  https://t.co/UBXBPL9jud… https://t.co/Lb1G6ysRJ5"
(Photo Courtesy: Facebook.com)

Taguig-Pateros Rep. Alan Peter Cayetano  resigned as speaker of the House on Tuesday,  paving the way for Marinduque Rep. Lord Allan  Velasco to take over the leadership of the lower chamber.

As he announced his resignation, Cayetano told Velasco to have “palabra de honor” and not replace the current deputy speakers and committee chairs.

 “I will help quietly in any way. Pasensya na po sa aking (I apologize to my supporters). I love you,” he said through a Facebook video,

The announcement of his resignation came barely 10 minutes after Velasco was proclaimed the new House Speaker at 11:43 am today. Cayetano announced his resignation at 11:52 today.

However, Cayetano still insists  he had more than 150 supporters as of last night, while Velasco only had some 120. 

Yesterday, Cayetano called Velasco’s election as House Speaker in a session held by some 180 House members as “nakakahiya” or shameful.

So, far President Rodrigo Duterte has kept his hands off the House leadership issue and said he want Congress to prioritize the passage of the proposed P4.56-trillion 2021 budget.

 Some lawmakers even said the Duterte administration operating with an re-enacted budget for 2021 will hamper the government’s efforts to revive the economy that has been battered by the coronavirus pandemic.

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