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I'm Dan Ronan. Kevin Warsh is the new chairman of the Federal Reserve. He was sworn in Friday at the White House, pledging to remain independent. President Trump said numerous times he wants the Fed to cut interest rate and that former Chairman Jerome Powell kept rates too high, which Trump claims slowed the economy.
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Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, it is. That's a good thing. We don't have to go crazy. Just let it boom. We want it to boom. We want it to be like nobody has ever had before because we do have some debt we'd like to take care of. And the way you do that is through growth. We're going to grow our way out of it so fast. We and Kevin's somebody and I feel strongly also, we don't want to see it stifled. We want to stop inflation, but we don't want to stop greatness.
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Two Democratic senators are demanding answers from the Treasury Department about the decision to settle a case over the leak of President Trump's tax returns. NPR's Carrie Johnson reports.
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Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon are writing officials at the Treasury Department to get more detail about what they call an outrageously corrupt deal that creates a nearly $2 billion taxpayer fund that could compensate January 6 rioters and other Trump allies. The senators want the inspector general for Tax administration to probe whether any laws have been broken that bar political interference in the audit work of the irs. Acting Attorney General Todd Blanche is defending the settlement, asserting Trump and his family will not receive any direct financial benefit. But the deal also seems to shield Trump from any legal problems over his past tax returns. Carrie Johnson, NPR News, Washington.
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Authorities are banning funeral wakes in parts of the Democratic Republic of Congress. The Congo this to curb the spread of ebola after some 750 suspected cases. NPR's Michael Kaloki reports.
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Officials in the eastern Congolese province of Ituri said that moving forward, burials in the area would be done only by specialized teams and that public gatherings would be limited to a maximum of 50 people. Congolese authorities made the announcement a day after local residents clashed with police while trying to recover the body of a patient who had died at a local hospital. The World Health Organization recently issued a call to countries affected by the Ebola outbreak to ensure that burials are conducted by well trained personnel to reduce the risk of infection. Meanwhile, Rwanda's government also announced it would deny entry to foreign nationals who had traveled to the Democratic Republic of Congo within 30 days prior to their arrival in Rwanda. For NPR News, I'm Michael Kaloki in Nairobi.
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At least 82 miners have died. Dozens more are reported trapped in northern China after a gas explosion Friday. According to the country's official news agency. Leaders in China are calling for an all out effort to rescue the missing miners. This is NPR News. Shein, the retail giant is selling the ultra fast fashion is buying Everline, a clothing brand targeting millennial shoppers on the promise of sustainable fashion and ethical factories. NPR's Elena Shaluki has more.
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The news of the deal has ricocheted around the fashion world because Everlane and Shein are a case of opposites attract. Everlane had built its brand around, quote, radical transparency into how it made the clothes and how it priced them. Everlane clothes are minimalist basics and natural fabrics, the category of affordable luxury. Meanwhile, Shein is huge. It's fast fashion. It's the hottest TikTok micro tre with $10 skirts and $15 dresses. And it's faced allegations of unethical labor practices. But Sheehan's purchase is a lifeline for Everlane, which has mounting debt and intense competition. Everlane CEO says the brand, even under Sheehan, would remain independent and committed to sustainability. Alina Seluk, NPR News.
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The president of the Maryland State Senate now says he's open to having the state redraw its congressional lines in 2027. This to possibly eliminate the only Republican held con district and give Democrats an opportunity to add another seat in 2028. Senator Bill Ferguson had previously been opposed to redrawing the lines, but he told member station WYPR in Baltimore the Supreme Court decision on the Voting Rights act and Republican led efforts to redraw congressional districts in numerous southern states. Means in his words, the rules have changed. Maryland's Democratic Wes Moore says the state needs to move more aggressively. This is NPR support.
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Host: Dan Ronan
Date: May 23, 2026
Episode Length: ~5 minutes
This NPR News Now episode provides a concise update on key national and international stories. Major topics include a leadership change at the Federal Reserve, congressional oversight on a high-profile Treasury settlement, an Ebola outbreak response in the Democratic Republic of Congo, a deadly mining accident in China, a notable fast fashion acquisition, and political maneuvering around congressional districting in Maryland.
Segment: 00:18–01:08
Kevin Warsh was sworn in as Chairman of the Federal Reserve at the White House.
Warsh pledged to maintain the Fed’s independence amid presidential calls for interest rate cuts.
President Trump expressed a desire for lower interest rates and growth-focused monetary policy, while criticizing former Chairman Jerome Powell for allegedly keeping rates “too high.”
“Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, it is. That's a good thing. We don't have to go crazy. Just let it boom. We want it to boom. We want it to be like nobody has ever had before because we do have some debt we'd like to take care of. And the way you do that is through growth.”
— President Trump (00:37)
“We want to stop inflation, but we don't want to stop greatness.”
— President Trump (01:06)
Segment: 01:08–02:02
Senators Elizabeth Warren (MA) and Ron Wyden (OR) demand an investigation into a settlement regarding the leak of President Trump’s tax returns.
The settlement establishes a fund potentially compensating January 6 rioters and Trump allies — called an "outrageously corrupt deal" by the senators.
The deal appears to shield Trump from legal exposure over his past tax returns.
Acting Attorney General Todd Blanche maintains that Trump and his family will not directly benefit financially.
“The senators want the inspector general for Tax administration to probe whether any laws have been broken that bar political interference in the audit work of the IRS.”
— Carrie Johnson, NPR (01:34)
Segment: 02:02–02:59
Over 750 suspected cases of Ebola prompt Congolese officials to ban funeral wakes in the Ituri province.
Only specialized teams are now authorized for burials, public gatherings limited to 50 people.
Tensions are rising: Residents recently clashed with police over retrieval of a body.
World Health Organization urges proper burial protocols.
Rwanda introduces a ban on entry for travelers from the DRC within the preceding 30 days.
“Officials in the eastern Congolese province of Ituri said that moving forward, burials in the area would be done only by specialized teams and that public gatherings would be limited to a maximum of 50 people.”
— Michael Kaloki, NPR (02:16)
Segment: 02:59–03:31
Segment: 03:31–04:14
Fast fashion giant Shein is acquiring Everlane, a company known for “radical transparency” and sustainable basics.
The contrast between Everlane’s ethical image and Shein’s “ultra-fast fashion” model (noted for low prices and labor controversies) raises industry questions.
The deal is seen as a critical lifeline for Everlane, which faces mounting debts.
Everlane’s CEO claims the brand will remain independent and sustainable under Shein.
"Everlane had built its brand around, quote, radical transparency into how it made the clothes and how it priced them... Meanwhile, Shein is huge. It's fast fashion. It's the hottest TikTok micro trend with $10 skirts and $15 dresses. And it's faced allegations of unethical labor practices."
— Elena Shaluki, NPR (03:36)
Segment: 04:14–04:56
Sen. Bill Ferguson signals openness to redrawing Maryland’s congressional lines in 2027, potentially eliminating the sole GOP-held district and boosting Democratic representation in 2028.
The shift comes after recent Supreme Court decisions and Republican-led redistricting moves in other states.
Governor Wes Moore urges more aggressive action on redistricting.
“The rules have changed.”
— Sen. Bill Ferguson (04:46 paraphrase)
This episode delivers a brisk yet comprehensive update on emerging national and international headlines, providing crucial context and direct quotes for listeners who need to stay informed.