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Liz Truss

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Fears of a recession loom in the U.S.

Economic turmoil came to a head in the U.K. during former Prime Minister Liz Truss' tumultuous six-week term, while economists in the U.S. now debate if the nation's economy is at the beginning of or will soon see a recession. CBS News' Tony Dokoupil and Lilia Luciano are joined by domestic policy and politics reporter Joseph Zeballos-Roig at online newsletter Semafor to discuss what the economic troubles could mean for both country's leaders.

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U.K. PM's ouster sparks search for new leader

British Prime Minister Liz Truss announced she is stepping down after just six weeks in office. Truss announced her resignation Thursday after her policies triggered significant turmoil for the U.K.'s financial markets and backlash from her fellow Conservative Party members. CBS News foreign correspondent Ramy Inocencio has more, and Politico Europe's U.K. editor Jack Blanchard joined CBS News to discuss the prime minister's resignation.

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