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Checks and Balance from The Economist

Checks and Balance: Aid, and a bet

Checks and Balance from The Economist

The Economist

Politics, News & Politics, News, Us Politics

4.61.7K Ratings

🗓️ 26 April 2024

⏱️ 49 minutes

🧾️ Download transcript

Summary

For months, a big foreign-aid deal looked like it was going nowhere in the House of Representatives. Now $95bn of support is heading out the door. How did the bill get through? What does it mean for Ukraine and for American leadership in the world?


Charlotte Howard hosts with James Bennet and Idrees Kahloon. They’re joined by The Economist’s Adam O’Neal and Anton La Guardia.


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Transcript

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0:00.0

Hello and welcome to Checks and Balance.

0:02.4

You're listening to a free episode.

0:04.3

To listen every week, you'll need to be a subscriber.

0:07.2

To sign up to Economist Podcast Plus, click on the link in the show notes

0:11.2

or search Economist Podcasts.

0:13.0

The Economist.

0:18.0

In high school history lessons, Henry Clay is known as the Great Compromiser.

0:26.0

The 19th century Kentucky congressmen tried to hold the country together in the years before the Civil

0:31.2

War.

0:32.2

But in Venezuela, Clay became known as the

0:34.4

Apostle of Fraternity. As Speaker of the House, he had made a series of speeches

0:39.1

supporting South American countries as they sought independence from Spain.

0:44.0

Simone Bolivar, South America's independence hero, wrote to Clay that, quote,

0:48.0

All America owe you our purest gratitude for sustaining our cause with a sublime enthusiasm. In

0:55.0

In 1921, Plaza Henry Clay was christened in the heart of Caracas. Congress

1:00.0

sent a statue of him for the center, the first of an American citizen ever presented to another country.

1:05.0

Now another speaker of the House may end up surprisingly well remembered abroad.

1:11.0

With 192 days to go, remembered abroad.

1:13.5

With 192 days to go until the 2024 election, I'm Charlotte Howard and this is checks and

1:19.2

balance from The Economist. economist. Today, what does the Foreign Aid Deal mean for House Speaker Mike Johnson and for the world? Until last week the 95 billion dollar aid deal looked like it was going nowhere in the house.

1:53.0

Ukraine desperately needed the support,

1:55.0

but an inexperienced speaker with a narrow majority

...

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