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US House Speaker Nancy Pelosi (D-CA) wields the gavel as she presides over the first impeachment of President Donald Trump.

REUTERS/Jonathan Ernst

What We’re Watching: Pelosi’s farewell, #RIPTwitter, Malaysian vote, Iranian rage, UK austerity

Pelosi takes a final bow

Nancy Pelosi is standing down as leader of the Democratic Party in the US House, but she’ll remain in Congress as a representative of San Francisco. She was both the first woman to serve in the ultra-powerful role of House Speaker and a hate figure for many on the right. Pelosi’s personal toughness, Herculean fundraising prowess, and ability to hold together the typically fractious Democratic Party in the House will remain her legacy for Democrats. For Republicans, seeing her pass the gavel to one of their own in January will mark a moment of triumph in an otherwise disappointing midterm performance. In announcing her plans, Pelosi noted that “the hour has come for a new generation to lead the Democratic caucus.” At a moment when both parties are led by politicians of advancing age, that’s a big step – and a trend we’ll be watching closely as a new Congress takes shape and the next race for the White House begins. Eurasia Group US Managing Director Jon Lieber says his bet is on 52-year-old Hakeem Jeffries taking the Democratic reins. If Jeffries gets the job, he'll make history as the first Black politician to lead a party in Congress.

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Will Rishi Sunak Prove The UK Can Govern Itself? | Europe In :60 | GZERO Media

Can Rishi Sunak restore UK economic and political stability?

Carl Bildt, former prime minister of Sweden, shares his perspective on European politics.

What are the key tasks for the new UK Prime Minister Rishi Sunak?

Well, basically restore some credibility in the ability of the UK to govern itself in a reasonable way after the tumultuous months that we have seen. That applies to management of the economy. That applies to, sort of, cohesion in the Conservative Party. And that applies also, to restoring some sort of sense in the approach to cooperation with the rest of Europe. So quite a tall order.

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The UK's Two New Leaders Face Tough Challenges Ahead | GZERO World

UK's Liz Truss & Charles III face tough challenges ahead

In early September, in just 48 hours the UK got a new prime minister (Liz Truss) and a new king (Charles III, after the death of Queen Elizabeth II).

Both take over at a turbulent time in British politics, but Truss in particular faces a list of domestic obstacles with no easy fix. Her top priorities are the economy and the energy crisis aggravated by Russia's war in Ukraine, Ian Bremmer explains on GZERO World.

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UK Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng attend the annual Conservative Party conference in Birmingham, Britain

Hannah McKay via Reuters

What We’re Watching: UK PM's budget U-turn, OPEC mulls production cut, Yemen truce expires

Truss’s tax U-turn

Will it be enough? New British PM Liz Truss’s government has reversed course on its economic agenda. Chancellor Kwasi Kwarteng told the Conservative Party conference on Monday that a proposal to scrap the UK’s 45% tax rate for high-income earners would be axed. He cited the recent market chaos and vowed that there would be “no more distractions” in pursuing the rest of the government’s proposed tax policies. This caps a dismal couple of weeks for the new Tory leadership during which the Bank of England tried to calm markets after Kwarteng introduced £45 billion ($49 billion) worth of tax cuts despite sky-high inflation. The upheaval also caused the pound to plummet against the greenback (it regained some value on Monday). Truss and Kwarteng said they changed tack after listening to voters struggling amid the cost-of-living crisis. But it had become clear that the plan would have struggled to pass the House of Commons. The top tax rate accounted for just £2 billion of the proposed tax cuts, so this reversal will only go so far in placating opponents and markets. Truss addresses the party conference on Wednesday, and after her rocky start, we’ll be watching to see whether she can win support for her economic plan – and revive her party’s dismal approval rating enough to stay in the top job.

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Tony Blair on the UK's troubled present and uncertain future | GZERO World with Ian Bremmer

Upheaval in UK: the sobering challenges facing new PM Truss & new King Charles III

In early September, in just 48 hours the UK got a new prime minister (Liz Truss) and a new king (Charles III, following the death of Queen Elizabeth II).

Both take over at a turbulent time in British politics, with no shortage of current and future challenges. To name just a few: a stagnant economy, sky-high energy prices, more Brexit fallout with the EU, and Scots demanding a fresh independence vote.

On GZERO World, Ian Bremmer speaks to former British PM Tony Blair (1997-2007), who believes there will be a lot of uncertainty over the next year or two if Truss insists on big tax cuts and big borrowing.

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Podcast: "United" Kingdom? Tony Blair on Truss, Charles, Brexit, and division in UK & beyond


Listen: In the span of just 48 hours in early September, the United Kingdom got a new prime minister, Liz Truss, and a new monarch, King Charles III. Both face big challenges in their new roles. For Truss, the Tory leader: a range of issues from inflation to the ongoing fallout of Brexit. For Charles: the relevance of the monarchy itself, now that Britain's longest-serving and much-beloved queen is gone. The United Kingdom also faces staggering inflation and a looming energy crunch. On the GZERO World Podcast, Ian Bremmer talks with a man who occupied 10 Downing Street for a decade - former prime minister Tony Blair - about the road ahead for his country. Blair believes there will be a lot of uncertainty over the next year or two if Truss insists on big tax cuts and big borrowing. He also looks back at the queen's legacy and the future of the monarchy, explains why Brexit will hurt - but probably not fragment - the UK, and argues that we need to return to his comfort zone of the political center to fix today's problems.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.
Tony Blair: After Queen’s Death, UK Monarchy Still “Pretty Safe” | GZERO World

Tony Blair: UK monarchy is "unifying" & "supported in British society"

Tony Blair has fond memories of the late Queen Elizabeth II.

Speaking to Ian Bremmer on GZERO World, the former British PM recalls what it was like to meet her for the first time. His first impression: deep respect for her historical experience.

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Gabriella Turrisi

What We’re Watching: Brazil braces for “moment of truth,” British pound slides, Putin invites chaos, Snowden becomes Russian

Could Lula win it all in Brazil’s first round?

For months, mainstream pollsters have consistently shown Brazil’s right-wing President Jair Bolsonaro trailing his rival, left-wing former President Luiz Inácio Lula da Silva, by a margin of about 10 points. But a new study shows Lula now has nearly 50% support, the threshold for winning the election in the first round, which takes place next Sunday. How accurate are the polls? Support for Bolsonaro is consistently underestimated because many people are unwilling to admit openly that they’ll vote for him. Pollsters say that’s bogus and that they have a good track record of measuring public opinion over the years. Regardless of whether Bolsonaro and his supporters believe the polls, a more important question remains: will they believe the result if he loses? He has spent months fomenting doubt about the electoral system. Either way, as Brazil’s (pro-Bolsonaro) comms minister Fabio Fara put it to the FT: “the moment of truth is coming.”

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