The United States is drawing down its military presence in Iraq, reducing troops from 5,200 to 3,500 as part of a plan developed with the Iraqi government to hand over security responsibilities to its own forces. But the country also faces economic challenges that a new prime minister backed by the U.S. is struggling to solve. Nick Schifrin reports and talks to Ali Allawi, Iraq’s finance minister.

A debate within Iraq over whether it should ask to be exempt from OPEC+ oil supply cuts has resurfaced as low prices squeeze its finances, challenging a government struggling to tackle the destruction of years of war and rampant corruption.