Transcript
DSW Announcer (0:00)
This message comes from Designer Shoe Warehouse. You know that feeling when you find shoes you love at a great price and want to tell everyone about it? Find something to brag about at Designer Shoe Warehouse, like the latest styles from brands you love, the trends everyone's obsessing over, and shoes that make you feel like you head to a DSW store or dsw.com today for shoes that get you at prices that get your budget. Dsw.
NPR Host Jeanine Herbst (0:27)
Let us surprise you live from NPR News in Washington, I'm Jeanine Herbst. Iran says the Strait of Hormuz is now open to commercial vessels and ships have to coordinate their transit through Tehran during the fragile ceasefire with the U.S. but the White House says the U.S. blockade remains in place. Wall street liked the news that sent crude oil prices tumbling and stocks soaring. NPR Scott Horsley has more.
NPR Reporter Scott Horsley (0:53)
If the strait remains open long term, and I will underscore if that would remove a sort of cloud of uncertainty that's been hanging over the economy. You know, when families or businesses are making plans, they like to have some idea of what to expect. And it's really hard to make a big purchase or plan a vacation or make an investment or hire a new worker if you don't know what your energy bill is going to look like in the next month or two. The good news is, even as gas and diesel prices soared over the last six weeks, we double see people cutting back very much in other spending.
NPR Host Jeanine Herbst (1:25)
NPR Scott Horsley reporting. The White House is pitching Congress on the largest defense budget request in U.S. history. NPR's Claudia Grizales reports. The $1.5 trillion figure doesn't include costs from the war with Iran.
NPR Reporter Claudia Grizales (1:41)
The administration is also on track to ask Congress for a supplemental war funding plan that could near the $100 billion mark. Betty McCollum, top Democrat on a House Defense appropriations subcommittee, told army officials this week they need a full picture to conduct oversight.
NPR Host Jeanine Herbst (1:58)
That's the only way we can do
GBH Reporter Sarah Bettencourt (1:59)
our job properly to do the oversight that we are tasked with.
NPR Host Jeanine Herbst (2:03)
To be clear, the size of the request for defense spending is shocking.
NPR Reporter Claudia Grizales (2:07)
Trump officials are calling the $1.5 trillion defense budget request so far a paradigm shifting investment. Claudia Salis, NPR News.