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By Jill Lawless, Associated Press
In our news wrap Thursday, revised government data confirmed the U.S. economy shrank in the second quarter, U.K. Prime Minister Liz Truss defended her economic plan that includes billions in tax cuts for high earners without offsetting spending reductions and…
British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she's willing to make "difficult decisions" to get the economy growing.
By Jill Lawless, Danica Kirka, Associated Press
The move Wednesday comes after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring.
By Danica Kirka, Jill Lawless, Associated Press
The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. Financial markets are alarmed at new Prime Minister Liz Truss' emergency budget measures to jump-start the economy.
By Kelvin Chan, Associated Press
The British pound has fallen to an all-time low against the U.S. dollar after the government pledged a sweeping package of tax cuts that have fueled concerns about its economic policy.
By Danica Kirka, Jill Lawless, Sylvia Hui, Associated Press
The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis.
In our news wrap Thursday, a gunman killed four and wounded three others in a shooting spree in Memphis, the legal fight over the search of former President Trump's home in Florida takes a new turn as the Justice Department…
U.K. politicians across the political spectrum have united in sorrow at the death of Queen Elizabeth II, a passing that brought the country's usually fractious politics to a halt.
By News Desk and Associated Press
British Prime Minister Liz Truss gives remarks to the media following the death of Queen Elizabeth II on Thursday.
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