The Vatican doesn’t tax its residents or issue bonds. It primarily finances the Catholic Church's central government through donations that have been plunging, ticket sales for the Vatican Museums, as well as income from investments and an underperforming real estate portfolio.

ANALYSIS: In the first month of his papacy, Leo XIV has demonstrated that he has the grounded demeanor, bridge-building aptitude and focused vision needed to set his own course.

In this episode, we dive into a series of candid interviews conducted by veteran Vatican correspondent Gerard O'Connell with cardinal-electors from around the world on the new pope.