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A collage showing the US Capitol, former US House Speaker Kevin McCarthy, and Republican Rep. Matt Gaetz.

GZERO Media/ Jess Frampton

Washington chaos rings alarm bells in Ukraine and Europe

You’ve heard the news. Rebel Republicans and unsympathetic Democrats ousted House Speaker Kevin McCarthy from his job yesterday. That post is now officially “vacant.” For now, Patrick McHenry (R-NC) holds the post of Speaker Pro Tempore to ensure there’s someone there to keep the lights on and the process moving toward the election of a new speaker.

Americans (and the world) are now trying to figure out what it all means. But keep in mind, this has never happened before. The only previous attempt to fire a speaker of the US House of Representatives failed, and that was 113 years ago. The cliché “uncharted waters” fits perfectly here.

But … you’ve got questions, lots of questions, and I’m here to give you the best available answers.

We just survived a shutdown threat last weekend. Should we expect more of these congressional showdowns?

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The debilitating cost of remittances
The Debilitating Cost of Remittances | Economic Empowerment | GZERO Media

The debilitating cost of remittances

Dilip Ratha knows how hard it is to work abroad and send money home. Why? Because he had to go through the same hoops when he was a migrant.

It's the inconvenience and the cost, the World Bank's head of KNOMAD and lead economist says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

Still, Ratha points out, these flows are a lifeline for millions of poor families around the world. And they keep the lights on in remittance-dependent economies like El Salvador or Lebanon.

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