The Pound And The Fury
The British pound hit a record low against the U.S. dollar on Monday. We discuss the economic plan by new U.K. Prime Minister Liz Truss that sent the currency tumbling, and how international markets are responding. Nearly complete results from Italy’s election showed a clear victory for a right-wing coalition – making it almost certain that the coalition's leader, Giorgia Meloni, will be prime minister. Her party has its roots in a post-World War II neo-fascist movement in Italy. And in headlines: Putin granted Edward Snowden Russian citizenship, Cuba voted to legalize same-sex marriage, and the CIA launched its own podcast.