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Live from NPR News, I'm Lakshmi Singh. The Pentagon says the cost of the war with Iran so far is $25 billion. NPR's Quill Lawrence reports. Secretary of Defense Pete Hegseth testified today on Capitol Hill.
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Hegseth was defending the administration's proposed $1.45 trillion defense budget with a focus on rebuilding US military industry. But it's the first time he's appeared under oath since the Iran war started. And Democrat Adam Smith asked why President Trump ordered the attack after claiming to have destroyed Iran's nuclear weapons program last year.
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Well, their nuclear facilities have been obliterated underground. They're buried and watching 24. 7. We had to start this war, you just said 60 days ago because the nuclear weapon was an imminent threat. Threat. Now you're saying that it was completely obliterated. They had not given up their nuclear ambitions.
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Hicks has said the biggest adversaries are Democrats and some Republicans who are criticizing the war. Quill Lawrence, NPR News.
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The Federal Reserve has voted to hold interest rates steady as the war with Iran continues to drive up energy prices. The rate setting meeting was likely the last one that Jerome Powell will preside over as Fed chairman. This morning, the Senate Banking Committee endorsed President Trump's nominee, Kevin Warsh, to take over as head of the central bank when Powell's term expires next month. Former FBI Director James Comey made a brief court appearance today in the Washington, D.C. area after he was indicted in North Carolina on charges that he made an online threat on President Trump's life. The Justice Department is homing in on Comey's social media posts last year involving seashells arranged in the numbers 8647. And as the DOJ describes it, 86 is slang for rejecting or eliminating in 47, a reference to Trump as the 47th president. Comey says he did not know the image could be interpreted as a call to violence. British authorities are investigating an attack on the streets of London today as an act of terrorism. NPR's Lauren Freyr reports. Local police say two Jewish men were stabbed.
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Video shows police tackling a man and tasering him. A Jewish security group says the suspect was running along Golder's Green Road trying to stab Jewish people. Witnesses say one of the victims was stabbed outside a shop and another near a synagogue. Police say he tried to stab officers, too. Prime Minister Keir Starmer interrupted Parliament to
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say this attack, it is deeply concerning
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to everyone in this house.
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On social media, he called it anti Semitic and utterly appalling. This incident follows arson attacks in recent weeks on a Jewish ambulance charity in a synagogue counter terrorism officials have said they're investigating whether Iranian proxies could be responsible. Lauren Fryer, NPR News, London.
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This is npr. The British monarchs on a state visit to the United States today. King Charles III and Queen Camilla paid their respects at the National 911 Memorial in New York City. They were accompanied by former Mayor Michael Bloomberg, who was elected less than two months after the terrorist attacks and chairs the board. The 911 Memorial and Museum. Former Attorney General Pam Bondi is expected to testify on Capitol Hill next month about the role she played in how the Justice Department handled files related to the late convicted sex offender Jeffrey Epstein. She's slated to testify before the House Oversight Committee May 29. Members of the panel confirmed that development on X today. Climate Action is bringing together officials from dozens of countries for an international conference. In Colombia, NPR's Julia Simon reports. He'll examine efforts by governments to move away from the use of fossil fuels.
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For 30 years, countries have come together for United nations climate conferences, but fossil fuel producers such as Saudi Arabia have historically held up conversations about transitioning away from oil, gas and coal. Burning fossil fuels is the single biggest driver of climate change. This conference is explicitly dedicated to figuring out how to make the transition to technologies like renewable energy and batteries happen. The energy crisis brought on by the war in Iran gives even more motivation. Some participants tell NPR the 55 countries here include oil and gas producers like Canada, Australia and Nigeria. The world's largest oil and gas producer, the US Is not here. Julia Simon, NPR News, Santa Marta, Colombia.
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This is npr.
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Host: Lakshmi Singh
Duration: 5 minutes
This episode delivers a compact roundup of breaking and developing news on April 29, 2026. Key themes include U.S. defense spending amid the war with Iran, central banking leadership changes, a terrorism-related stabbing attack in London, updates on investigations into prominent figures, and a major international climate conference in Colombia.
[00:01-01:05]
Notable Quote:
"We had to start this war, you just said 60 days ago, because the nuclear weapon was an imminent threat. Now you're saying that it was completely obliterated. They had not given up their nuclear ambitions."
— Adam Smith [00:37]
[01:05-01:40]
[01:40-01:57]
[01:57-02:57]
Notable Quote:
"This attack, it is deeply concerning to everyone in this house."
— Prime Minister Keir Starmer [02:35]
[02:57-03:30]
[03:30-04:37]
Notable Quote:
"Burning fossil fuels is the single biggest driver of climate change. This conference is explicitly dedicated to figuring out how to make the transition to technologies like renewable energy and batteries happen. The energy crisis brought on by the war in Iran gives even more motivation."
— Julia Simon [03:53]
This summary captures the main developments and tone of NPR’s news coverage for the afternoon of April 29, 2026, providing concise context and notable soundbites from each story segment.