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Host 1
This summer on Planet Money Summer School, we're learning about political economy. We're getting into the nitty gritty of what government does with things like trade, taxes, immigration and healthcare.
Host 2
So politics and economics, which are taught separately, they shouldn't be separated at all. I think you have to understand one to really appreciate the other.
Host 1
So what is the right amount of government in our lives? Tune in to Planet Money Summer School from npr, wherever you get your podcasts.
Lakshmi Singh
Live from NPR News, I'm Lakshmi Singh.
Reporter 1
President Trump is again addressing questions over whether he's considering firing the chairman of.
Lakshmi Singh
The Federal Reserve, Jerome Powell. Trump has been publicly frustrated with Powell for months because he wants the Fed chair to lower interest rates. But as NPR's Deepa Shivaram reports, he's saying mixed things on whether he will actually fire the Fed chair.
Donald Trump
Taking questions from reporters in the Oval Office, Trump said he's not planning on firing Powell.
He's a terrible he's a terrible Fed chair. I was surprised he was appointed. I was surprised, frankly, that Biden put him in and extended him, but they did so, no, we're not planning on doing anything.
Trump originally appointed Powell to the position. When asked if he's ruled out firing him, Trump said he hasn't ruled anything out, but it would be highly unlikely unless there was a case of fraud. Trump Trump also said that he floated the idea of firing Powell to some Republican lawmakers and received support from them. A senior White House official who spoke on the condition of anonymity tells NPR that Trump indicated to lawmakers that he will fire Powell soon. Deepa Shivaram, NPR News.
Reporter 1
At the White House today, Trump also pushed back against many of his own supporters, convinced there's a client list connected.
Lakshmi Singh
To the nefarious dealings of the late financier and convicted sex offender Jeffrey Epstein. The Justice Department said last week there's no client list and that no additional.
Reporter 1
Documents from the investigation into Epstein's 2019.
Lakshmi Singh
Death in a federal jail cell would be made public.
Reporter 1
The U.S. senate's debating legislation to take.
Lakshmi Singh
Back $9.4 billion that Congress had approved for international aid and the Corporation for Public Broadcasting.
Reporter 1
This week, some federal workers at the.
Lakshmi Singh
Department of Health and Human Services were notified they had been fired.
Reporter 1
And npr, Selena Simmons Duffin reports they're part of the reduction in force that.
Lakshmi Singh
Began in April but had been paused by the courts.
Selena Simmons Duffin
The email from HHS Human Resources explained that the Supreme Court had cleared the way for HHS to move forward with its reduction in force and said recipients were officially separated at close of business. That day. Anthony Lee works at the Food and Drug Administration and is President of Chapter 282 of the National Treasury Employees Union, which represents thousands of FDA employees getting.
Anthony Lee
Inundated with a lot of questions about what does this mean? Can, can the agency do this?
Selena Simmons Duffin
He says employees weren't told anything about their severance or benefits like health insurance.
Anthony Lee
So they are really left in the dark.
Selena Simmons Duffin
Hhs confirmed to NPR that employees were terminated this week, but declined to provide the number. Selena Simmons Duffin, NPR News.
Reporter 1
Russia is behind another large scale attack.
Lakshmi Singh
On Ukraine despite urgent US calls for a ceasefire. Ukraine, Ukraine's air force's 400 Russian drones and a ballistic missile hit several cities overnight. At least 15 people were wounded. From Washington, this is NPR News. Israel has conducted airstrikes on targets in downtown Damascus on ex Israeli Defense Minister Israel. Katz posted a video of a TV news live shot in Damascus in which a building is seen exploding behind the presenter. The strikes follow ongoing tensions in southwest Syria, home to the minority Druze whose.
Reporter 1
Community straddles the border between Israel occupied.
Lakshmi Singh
Golan Heights and Syria.
Reporter 1
Authorities say the man suspected of killing.
Lakshmi Singh
A Democratic Minnesota state lawmaker and her husband likely acted alone.
Reporter 1
Matt Sepik of Minnesota Public Radio reports.
Lakshmi Singh
A suspect was indicted by a federal grand jury Tuesday.
Matt Sepik
57 year old Vance Belter is charged with the murder of former Minnesota House Speaker Melissa Hortman and her husband Mark, and with shooting and wounding Democratic State Senator John Hoff and his wife Yvette. Both have since left the hospital. Acting U.S. attorney Joe Thompson says Belter left a handwritten letter in his car in which he says Governor Tim Walz wanted him to kill Minnesota's Democratic US Senators Amy Klobuchar and Tina Smith.
Anthony Lee
Belter claims that people threatened to hurt his family if he didn't participate in this plan to murder Senators Klobuchar and Smith.
Matt Sepik
Thompson says there's no evidence that Belter targeted either senator. For NPR News, I'm Matt Sepik in Minneapolis.
Reporter 1
US Stocks are trading higher this hour. The Dow Jones Industrial average is now up 187 points at 44,215. The NASDAQ is up 44 points.
Lakshmi Singh
S&Ps climb 18. I'm Lakshmi Singh, NPR News.
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NPR News: July 16, 2025, 3 PM EDT – Detailed Summary
Released on July 16, 2025
Hosts introduce the Planet Money Summer School series:
Note: This segment serves as an educational introduction and is not part of the main news content.
Federal Reserve Leadership Under Scrutiny:
President Trump's Statements:
Mixed Signals on Powell's Future:
Analysis:
Trump Responds to Epstein Allegations:
Government Transparency:
Mass Firings Announced:
Impact on Employees:
Legal and Procedural Context:
Russia's Aggression in Ukraine:
Israel's Airstrikes in Syria:
Murder Charges and Investigations:
Legal Proceedings:
Current Status:
U.S. Stocks Show Positive Movement:
This segment provides a brief overview of the stock market’s performance during the hour.
The July 16, 2025, episode of NPR News Now offers a comprehensive overview of pressing national and international issues, including political dynamics within the U.S. government, significant legal cases, ongoing geopolitical conflicts, and economic indicators. Notably, President Trump's ambiguous stance on Federal Reserve Chairman Jerome Powell and the high-profile Minnesota lawmaker murder case highlight the intersection of politics, leadership, and legal accountability. Simultaneously, global tensions remain high with escalations in Ukraine and the Middle East, underscoring the fragile state of international relations. The federal workforce reduction at HHS and the fluctuating stock markets further emphasize the current economic climate's volatility.
For those seeking a concise yet thorough update on today’s top stories, this summary encapsulates the essential points discussed in the NPR News Now episode without the interruptions of advertisements or non-essential content.