FT News Briefing US House Speaker: Fourth time's the charm
Oct 26, 2023
A political shake-up unfolds as Mike Johnson, a staunch Trump supporter, ascends to the role of Speaker of the House, ending weeks of deadlock. The discussion then shifts to foreign investment's role in reshaping America's green technology landscape, spotlighting Albany's efforts in wind turbine manufacturing. Challenges abound at the Port of Albany, from rising costs to logistics, while Bidenomics faces scrutiny over its ambitious goals. This segment promises to explore the intertwining of politics, investments, and the future of American infrastructure.
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New House Speaker
- Mike Johnson, a vocal supporter of Donald Trump's election challenges, is the new House Speaker.
- He replaces Kevin McCarthy and faces a divided Republican party.
Speaker Selection Challenges
- Divides within the Republican House conference made selecting a new speaker challenging.
- Moderates and Trump loyalists clashed over candidates.
Johnson's Challenges
- Mike Johnson secured all Republican votes, unlike McCarthy's initial election.
- He faces decisions on Middle East funding and government shutdown threats.