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The World in Brief from The Economist

Republican moves to oust House speaker; American Treasury yields surge, and more

The World in Brief from The Economist

The Economist

Daily News, Global News, News, News & Politics

4.11.2K Ratings

🗓️ 3 October 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Matt Gaetz, a hardline Republican congressman, moved to oust Kevin McCarthy from his position as speaker of America’s House of Representatives.

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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.

0:05.0

As a reminder, if you subscribe to the Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:14.0

If you're already an Economist subscriber, visit economist.com slash espresso or visit our espresso app to start listening.

0:22.0

Here's today's free edition.

0:26.0

This is the world in brief from the Economist.

0:37.0

Our top stories.

0:40.0

Matt Gates, a hard-line Republican congressman, moved to oust Kevin McCarthy from his position as Speaker of America's House of Representatives.

0:50.0

The motion to vacate or to call a vote to unseat the Speaker was expected.

0:56.0

Mr. Gates had promised to do so since Mr. McCarthy called up a bill that averted a government shutdown on Saturday.

1:04.0

Lawmakers will probably vote on the motion within two days as required by House rules.

1:11.0

America's benchmark 10-year government bond yield rose to 4.7%, its highest rate since 2007.

1:20.0

After the government averted a shutdown on Saturday, investors were strengthened in their expectation that the Federal Reserve would keep interest rates, quote, higher for longer.

1:31.0

The rising cost of Federal borrowing is a growing problem for the American economy.

1:37.0

The government will spend an estimated 2.5% of GDP on servicing its debts this year, double the share a decade ago.

1:47.0

At least 1000 people have died from dengue fever in Bangladesh this year, with more than 200,000 confirmed cases, according to official figures.

1:58.0

The death toll from 2023 is already higher than from 2000 to 2022 combined.

2:07.0

High temperatures and erratic rainfall, both consequences of climate change and the world's current,

2:13.0

El Nino weather pattern exacerbates outbreaks of many mosquito-borne diseases, including dengue.

2:22.0

The United Nations authorized an international security mission to crack down on gang violence in Haiti.

2:29.0

The force was approved by 13 of the UN Security Council's 15 members, China and Russia abstained.

2:36.0

Kenya, which will send about 1000 police, will lead it.

2:41.0

Gang violence has overwhelmed the Caribbean country, whose Prime Minister requested foreign assistance a year ago.

...

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