legislative gridlock

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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For the past few months, a single senator — Tommy Tuberville — has blocked hundreds of promotions in the U.S. military.

Karoun Demirjian, a congressional correspondent for The Times, explains what’s behind the senator’s blockade, and why military leaders say it’s becoming a threat to national security.

Guest: Karoun Demirjian, a congressional correspondent for The New York Times.

Background reading: 

• Tuberville’s bid to reverse a Pentagon policy ensuring abortion access for service members has delayed the smooth transfer of power at the highest echelons of the armed forces.
• Here’s David Firestone of Times Opinion on Tuberville’s blockade.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

We asked this same question nearly a decade ago. The answer then: probably not. But a lot has changed since then, and we’re three years into one of the most anomalous presidencies in American history. So once again we try to sort out presidential signal from noise. What we hear from legal and policy experts may leave you surprised, befuddled — and maybe infuriated.