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Economist Podcasts
The Intelligence: America gets a House speaker
Oct 26, 2023
Mike Johnson, lower chamber's majority leader, discusses the challenges of electing a Speaker of the House. China's banks face hidden bad loans. The podcast also explores the trend of films becoming longer and its impact on the viewing experience.
23:51
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Quick takeaways
- The election of Mike Johnson as Speaker in the US House of Representatives ends the deadlock and allows Congress to focus on debating and passing laws.
- Jeonju Bank's recent restructuring raises concerns about a potential debt crisis in China's banking sector, suggesting that other banks in the country may also have similar issues.
Deep dives
Political Paralysis in the US House of Representatives
After weeks of deadlock, Mike Johnson, a relatively low-profile representative from Louisiana, has been elected as the Speaker in the US House of Representatives. The Republican lawmakers' failure to come up with a candidate created a party at war with itself. The new Speaker will face the challenge of debating and passing laws, including funding the government and addressing President Biden's funding request for Ukraine and national security priorities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode