Flooding could leave US municipal debt under water: FT News Briefing

China has told McDonald s to expand a digital renminbi payment system at restaurants across the country before the Beijing Winter Olympics; and about a quarter of all US infrastructure is at risk of serious flooding, which could hit prices in the $4 tn municipal bond market. Plus, the FT s Sebastian Kurz discusses the scandal that led to the spectacular downfall of former Austrian chancellor Sam Jones and what could be next for the country.

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The FT News Briefing is produced by Marc Filippino and Fiona Symon. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show's theme song is by Metaphor Music. The FT s global head of audio is Cheryl Brumley.

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