The deal to raise America’s debt ceiling is finally done. The government will now be able to resume borrowing money to pay its bills, and avoid a default. The last-minute agreement will suspend the debt ceiling and flatten some categories of spending for two years, until after the next election. Why does America has this pointless, exhausting ritual? And how can Congress get rid of it?The Economist’s Simon Rabinovitch assesses the impact of the agreement. We go back to a previous wrangling over the debt ceiling. And The Economist’s James Bennet surmises the political implications of the deal. John Prideaux hosts with Charlotte Howard and Idrees Kahloon. You can now find every episode of Checks and Balance in one place and sign up to our weekly newsletter. For a 30-day digital subscription go to economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

Over two decades in office, the prime minister and her Awami League party have overseen impressive growth and reforms in a notoriously corrupt country—but that same firm hand may now be limiting Bangladesh’s progress. Our correspondent visits the frontier of a potentially transformative technology for reducing atmospheric carbon: direct air capture. And a listen to the astonishing boom in Spanish-language music.For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

Decades of cheap money has left businesses in America and Europe addicted to debt. Some companies have been borrowing cash just to dole it out to shareholders. But with interest rates now reaching levels not seen in 15 years, those debt-drunk firms are waking up to the threat of a mighty hangover.On this week’s podcast, hosts Tom Lee-Devlin and Alice Fulwood ask if those firms can kick their debt habit. Goldman Sachs’ chief credit strategist, Lotfi Karoui, explains how companies became hooked in the first place—and what will happen when they start cutting back. And Torsten Slok from Apollo, one of the world’s largest private capital managers, tells them why the cost of borrowing isn’t likely to fall any time soon.Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

The country’s homophobes claim that homosexuality is a malign foreign import; in reality it was anti-LGBT groups from abroad who helped lay the ground for vicious new legislation. Starlink, a satellite-internet constellation, has given Ukraine a battlefield advantage; we ask why that has China’s army so concerned. And the unlikely resurgence of pinball, thanks to some canny marketing.For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

Recent years have seen a boom in biometric security systems—identification measures based on a person’s individual biology—from unlocking smartphones, to automating border controls. As this technology becomes more prevalent, some cybersecurity researchers are worried about how secure biometric data is—and the risk of spoofs. If generative AI becomes so powerful and easy-to-use that deepfake audio and video could hack into our security systems, what can be done? Bruce Schneier, a security technologist at Harvard University and the author of “A Hacker’s Mind”, explores the cybersecurity risks associated with biometrics, and Matthias Marx, a security researcher, discusses the consequences of bad actors obtaining personal data. If artificial intelligence could overcome security systems, human implants may be used as authentication, according to Katina Michael, a professor at Arizona State University. Plus, Joseph Lindley, a design academic at Lancaster University, proposes how security systems can be better designed to avoid vulnerabilities. To think about practical solutions, Scott Shapiro, professor at Yale Law School and author of “Fancy Bear Goes Phishing”, puts generative AI into the wider context of cybersecurity. Finally, Tim Cross, The Economist’s deputy science editor, weighs up the real-world implications of our thought experiment. Kenneth Cukier hosts.Learn more about detecting deepfakes at economist.com/detecting-deepfakes-pod, or listen to all of our generative AI coverage at economist.com/AI-pods.For full access to The Economist’s print, digital and audio editions subscribe at economist.com/podcastoffer and sign up for our weekly science newsletter at economist.com/simplyscience. Hosted on Acast. See acast.com/privacy for more information.