10 things you need to know today: October 21, 2022

Liz Truss resigns and triggers a U.K. leadership fight, the U.S. says Iran has sent experts to Crimea to help Russia attack Ukraine with drones, and more

Liz Truss resigns
(Image credit: Rob Pinney / Stringer/ Getty Images)

1. Liz Truss resigns, U.K. leadership fight begins

British Prime Minister Liz Truss announced her resignation Thursday after just six weeks in office. Truss, whose time in office was the shortest in U.K. history, faced a revolt in her Conservative Party and widespread calls to quit after her government's risky plan for unfunded tax cuts sent the British pound plunging and rattled financial markets. "I recognize that given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party," Truss said Thursday. Britain's third prime minister in as many years, Truss took over after Boris Johnson left due to several scandals. Conservative lawmakers immediately began debating who would become the next leader. Rishi Sunak, Penny Mordaunt, and Johnson are the leading contenders.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.