Oct 16 British Prime Minister Liz Truss goes from triumph to trouble in six weeks on the job By Jill Lawless, Associated Press In just six weeks, the prime minister’s libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. Continue reading
Oct 14 Watch 6:12 News Wrap: Teenager accused in N.C. mass shooting, DOJ seeks end to special master review By PBS NewsHour In our news wrap Friday, police say a 15-year-old boy is in critical condition after shooting and killing five people in Raleigh, North Carolina, the U.S. Justice Department asked a federal appeals court to end an outside review of documents… Continue watching
Oct 14 UK names fourth treasury chief in a year amid economic turmoil By Danica Kirka, Jill Lawless, Associated Press Prime Minister Liz Truss appointed former Cabinet minister Jeremy Hunt to the post — the fourth Treasury chief in the U.K. this year. Continue reading
Oct 13 Despite economic turmoil, UK Treasury chief says tax-cutting plan stays By Danica Kirka, Jill Lawless, Associated Press Britain's Treasury chief has rejected suggestions that the Conservative government would reverse course on economic plans that have roiled financial markets. Continue reading
Oct 04 UK still backs Rwandan asylum-seeker deportations despite legal challenge By Jill Lawless, Associated Press Britain's immigration minister says people who arrive by unauthorized means should not be allowed to claim asylum in the U.K. Continue reading
Sep 29 Watch 5:05 News Wrap: Data shows U.S. economy shrank in the second quarter 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… Continue watching
Sep 29 UK's Prime Minister Liz Truss defends economic plan that sent pound tumbling By Jill Lawless, Danica Kirka, Associated Press 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. Continue reading
Sep 28 Bank of England intervenes in market to halt economic crisis By Danica Kirka, Jill Lawless, 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. Continue reading
Sep 26 The British pound has taken a plunge. What's the impact? By Kelvin Chan, 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. Continue reading
Sep 26 British pound plunges to new, all-time low as proposed tax cuts spark economic concerns By Danica Kirka, Jill Lawless, 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. Continue reading