McCarthy ousted as US House Speaker
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 October 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Kevin McCarthy has been ousted as Speaker of the House of Representatives, the yield on 30-year US Treasuries hit a 16-year peak on Tuesday, India has told Canada to withdraw dozens of diplomats from the country and the Financial Times’ Tom Hale discusses the murky future of China’s Evergrande property group.
Mentioned in this podcast:
Kevin McCarthy ousted as House Speaker by Republican rebels
‘Crimes’ probe into Evergrande founder adds to pressure over $300bn debt woes
India tells Canada to withdraw dozens of diplomatic staff
Bond sell-off intensifies as long-term US yields hit 16-year peak
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, 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.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:12.4 | Good morning from the Financial Times. |
| 0:13.9 | Today is Wednesday, October 4th, and this is your FT News Briefing. |
| 0:18.9 | The US is going through a historic leadership change. |
| 0:22.4 | The office of Speaker of the House of the United States House of Representatives |
| 0:28.1 | is hereby declared vacant. |
| 0:31.3 | India tells Canada to withdraw more than half of its diplomats, |
| 0:35.6 | plus the Chinese property giant Evergrande is having a no-good, very bad month. |
| 0:41.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:44.2 | Kevin McCarthy |
| 0:57.0 | Kevin McCarthy is the first ever leader of the House of Representatives to be ousted from his post. |
| 1:03.2 | Eight of McCarthy's fellow Republicans voted for a motion to vacate on Tuesday, |
| 1:07.8 | along with 208 Democrats. |
| 1:10.3 | The FT's Lauren Fedor is back with us to talk about the repercussions of this vote. |
| 1:14.6 | Hi, Lauren. |
| 1:15.4 | Hi, Mark. |
| 1:16.2 | All right, so can you walk us through what happened yesterday? |
| 1:19.3 | Yeah, it was a pretty dramatic turn of events on Capitol Hill. |
| 1:23.4 | Late Monday, we knew that Matt Gates, the Republican Congressman from Florida, |
| 1:28.0 | was making moves to try and oust Kevin McCarthy. |
| 1:31.4 | He was introducing something called a motion to vacate, |
... |
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