Axios

The British pound has hit the lowest point against the US Dollar since the 1790s. On Monday, the pound was at 1.03 compared to the dollar. This moment feels eerily similar to 2007, at the beginning of the Great Recession. But, as Axios’ Felix Salmon and Courtenay Brown tell us, that doesn’t mean we’re facing the same economic catastrophe now.

• Plus, Russian anger keeps growing in response to Putin’s draft.
• And, NASA takes on an asteroid.

Guests: Axios' Felix Salmon, Courtenay Brown and Alison Snyder.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go Deeper:

• British pound gets pounded as Truss tax cut plan sinks in
• The world economy has an ominous August 2007 kind of feeling
• Russian military recruitment offices come under attack after draft order
• NASA is about to crash a spacecraft into an asteroid

Democrats’ chances of beating the GOP in Arizona, a key swing state in the midterms, are growing. The Cook Political Report last week moved the Arizona senate race from its “toss up” category to "leans Democratic." Arizona Republicans nominated MAGA-aligned candidates in races across the state.

• Plus, spam text messages have exploded: how the FCC could respond.
• And, hurricane season picks up.

Guests: Axios' Margaret Talev and Margaret Harding McGill.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Fonda Mwangi, Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

Go Deeper:

• Red flags for Arizona Republicans
• FCC takes long-delayed step against spam text surge
• DeSantis declares state of emergency as Tropical Storm Ian nears