Blown speaker: Kevin McCarthy is out

The Federal Reserve has raised interest rates for the first time since July 2023. For the central bank’s new chair Kevin Warsh, that decision was a test both of monetary policy and politics. A governor’s election in Okinawa is a boon to Japan’s military ambitions. And why summer ...  Show more

Is artificial intelligence becoming uncontrollably powerful? Our correspondent analyses whether a pause to breakneck development is possible or feasible. We have entered the new age of the orator. And why cheese is getting more popular in India. Guests and host:Alex Hern, AI writ ...  Show more

Another shutdown standoff, funding worries for Ukraine, more leadership chaos: the booting of America’s speaker of the House of Representatives bodes ill for governance. “Jawan”, a new Indian film, is non-stop action with Bollywood flourishes—and reveals how divisions in the coun ...  Show more

The literal 11th-hour deal to avert a government shutdown is only a stopgap—and the battle may end up <a href="https://www.economist.com/united-states/2023/10/01/by-averting-a-government-shutdown-kevin-mccarthy-risks-his-job?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_so ...

With the accession of Mike Johnson as the lower chamber’s majority leader, Congress can at last get back to lawmaking—unless the leadership circus starts again. China’s banks may be loaded up with hidden bad loans; the industry’s covid-era hangover could be about to intensify (09 ...  Show more

The House descends into chaos as Kevin McCarthy fails to win the race for speaker on the first three ballots, Republicans prepare to swear in a new member of Congress who made up his entire life story, and the last Congress ends by making Donald Trump's tax returns public and ask ...  Show more