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Kevin McCarthy ousted as House Speaker; Bond sell-off intensifies as US yields hit 16-year peak; India tells Canada to withdraw diplomats; The murky future of China’s Evergrande property group
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- Kevin McCarthy ousted as Speaker of the House of Representatives, leaving the House in a state of limbo until a new Speaker is selected.
- The tensions between India and Canada escalate as India orders dozens of Canadian diplomats to leave the country, making diplomatic resolution more challenging.
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Kevin McCarthy ousted as Speaker of the House
Kevin McCarthy, the leader of the House of Representatives, was removed from his post after a dramatic vote. McCarthy failed to garner enough support, with eight Republicans joining all Democrats in voting against him. This unprecedented move leaves the House in a state of limbo, as lawmakers are unable to move forward with important legislative tasks until a new Speaker is selected.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode