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The World in Brief from The Economist

Congress passes stopgap bill; Chinese manufacturing expands, and more

The World in Brief from The Economist

The Economist

Global News, Daily News, News & Politics, News

4.11.2K Ratings

🗓️ 1 October 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

With only hours to spare, America’s Congress passed a last-minute 45-day stopgap funding bill to prevent a government shutdown on October 1st.

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Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from the economist.

0:07.4

As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the

0:12.3

day ahead, updated three times a day.

0:15.6

If you are already an economist subscriber, visit economist.com slash espresso, or visit

0:22.7

our espresso app to start listening.

0:25.9

This is the world in brief from the economist.

0:41.8

Our top stories.

0:45.1

With only hours to spare, America's Congress passed a last minute 45-day stopgap funding

0:51.4

bill to prevent a government shutdown on October 1st.

0:55.4

Kevin McCarthy, the beleaguered Republican speaker, had to rely on democratic votes to get

1:00.8

the bill through the House, weakening his position in his own caucus.

1:05.1

The bill provides money for disaster relief, but none of the aid for Ukraine that Democrats

1:10.2

had sought.

1:11.4

The scrambling follows weeks during which hard-right Republican congressmen, seeking

1:16.3

swinging spending cuts, had blocked efforts to fund the government.

1:23.4

China's purchasing manager's index showed an increase in manufacturing activity for the

1:28.4

first time in six months, according to an official survey released on Saturday.

1:33.9

Following a leap in industrial profits in August, the figures add to a modest improvement

1:39.0

in mood surrounding the Chinese economy, which has struggled to recover from a post-COVID

1:44.4

malaise.

1:48.7

America's government warned of an, quote, unprecedented, build-up of Serbian troops on

1:53.6

the border with Kosovo.

...

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