Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives. The podcast also discusses foreign investment in America's offshore wind industry and the significance of a transformational project in the United States.
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Quick takeaways
Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives after weeks of gridlock.
The US is encouraging foreign investment in green technology, with the example of the Port of Albany creating a factory for manufacturing tall towers used in offshore wind farms.
Deep dives
Republicans elect new House speaker
After weeks of gridlock, House Republicans have finally elected Congressman Mike Johnson as the new House speaker. Johnson, a vocal supporter of Donald Trump's efforts to overturn the 2020 presidential election, now faces a long to-do list in his new role, including dealing with national security matters and avoiding a government shutdown next month.
Foreign investment in America's green transition
As part of the broader Bidenomics agenda, the US is encouraging foreign investment, particularly in green technology. One notable example is the Port of Albany in New York, which has been designated as the first site to create a factory for manufacturing tall towers used in offshore wind farms. The project, funded by state and federal grants as well as private investments, aims to create jobs and boost the region's economy, but faces challenges, including doubling project costs.
Investigating America's auto industry battle
Next week, the Investing in America series will focus on South Carolina and the battle for the country's auto industry. With various companies vying for the future of the industry, the outcome will have significant implications. The series aims to shed light on the transforming landscape of American business and the determination to drive positive change amidst complexities.
Mike Johnson, a loyal ally of Donald Trump, has been elected Speaker of the House of Representatives. Plus, in the first instalment of our Investing In America series, we travel to the Port of Albany to look at how money outside the US is changing the country.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, 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.