Dramatic Turn of Events: Ousting the Speaker of the House

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This chapter discusses the dramatic turn of events on Capitol Hill where Matt Gates, a Republican Congressman from Florida, attempted to oust Kevin McCarthy, the current Speaker of the House. McCarthy's early vote strategy fails, leaving open the question of who will become the next Speaker of the House.

Kevin McCarthy has been ousted as Speaker of the House of Representatives, the yield on 30-year US Treasuries hit a 16-year peak on Tuesday, India has told Canada to withdraw dozens of diplomats from the country and the Financial Times’ Tom Hale discusses the murky future of China’s Evergrande property group.

Mentioned in this podcast:

Kevin McCarthy ousted as House Speaker by Republican rebels

‘Crimes’ probe into Evergrande founder adds to pressure over $300bn debt woes

India tells Canada to withdraw dozens of diplomatic staff

Bond sell-off intensifies as long-term US yields hit 16-year peak

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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