The Intelligence from The Economist We need to balk about Kevin: Congress opens in chaos
4 snips
Jan 4, 2023 
Alexandra Suich-Bass, a senior correspondent at The Economist, sheds light on the surge of catalytic converter thefts, linking it to rising precious metal prices. Dominic Ziegler discusses China’s massive fishing fleet and its damaging impact on local waters in West Africa, spotlighting the urgent need for better regulations. John Priddo dives into the chaos in U.S. Congress as Republicans struggle to elect a Speaker, revealing the internal tensions and their potential implications for governance.
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Speaker Election Chaos
- Republicans failed to elect a House Speaker in three rounds of voting, a first in 100 years.
- This chaotic start highlights the divisions within the party.
Importance of House Speaker
- The House Speaker presides over the House and is third in line for the presidency.
- Without a Speaker, no other official business can occur in the House.
Opposition to McCarthy
- Kevin McCarthy faces opposition due to his long tenure and perceived inconsistency.
- Critics view him as beholden to special interests, despite his fundraising success.