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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.
Lakshmi Singh
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. White House press secretary Caroline Levitt says President Trump's in excellent health. At a news briefing today, Levitt said Trump underwent vascular testing after he experienced swelling in his legs. She says all results came back normal. Levitt also addressed questions about bruising on Trump's hand.
Fatma Tanis
Recent photos of the president have shown minor bruising on the back of his hand. This is consistent with minor soft tissue irritation from frequent handshaking and and the use of aspirin, which is taken as part of a standard cardiovascular prevention regimen.
Lakshmi Singh
Levitt had said Trump was diagnosed with a benign vein condition common in men over 70, known as chronic venous insufficiency. Levitt also called on the U.S. house to immediately pass an amended rescissions package that was approved in the U.S. senate overnight. It contains $1.1 billion in cuts to public broadcasting. It also targets 7.9 billion in spending for foreign aid. NPR's Fatma Tanis has more on that.
Maria Navarro
The package codifies the spending cuts the Trump administration imposed earlier this year during the dismantling of the U.S. agency for International Development. The cuts include $500 million from global health programs that combat diseases like malaria and tuberculosis nearly a billion dollars in cuts for humanitarian aid such as food for malnourished children and several hundreds of millions in cuts to United nations agencies like the World Health Organization and unicef. The White House says these funds were a waste of taxpayer money. It wants Congress to take back the money it previously approved. The package now goes to the House for a final vote, which must take place before a Friday deadline. Fatma Tanis, NPR News.
Lakshmi Singh
Immigrant rights groups have filed a federal lawsuit to stop what they say are unlawful arrests at immigration courts. Texas Public Radio's Maria Navarro explains U.S.
Fatma Tanis
Immigration and Customs Enforcement agents have arrested immigrants in cities like New York City, San Francisco and San Antonio as they made scheduled court appearances. A coalition of groups including the National Immigrant justice center filed the lawsuit in a D.C. federal court on behalf of 12 people who have been arrested. At court hearings, the immigrant rights groups argue the Departments of Homeland Security and justice have stripped people of due process rights, which has resulted in the arrest, detention and fast track deportations of potentially thousands of people. I'm Marian Navarro in San Antonio.
Lakshmi Singh
An Idaho court is granting news organizations their request to lift a gag order in the case of a man who murdered four University of Idaho students. Bryan Kohberger was spared the possibility of the death penalty after he agreed to plead guilty to the 2022 murders. At last check on Wall street, the dow was up 231points. You're listening to NPR News. Fans are paying tribute to 1950s and 60s pop star Connie Francis. Her publicist says she died yesterday. No cause of death was disclosed. Francis was the first female singer to reach number one on the Billboard Hot 100. She was known for her hit single who's Sorry now and many other hits. You may also recall hearing this one pretty little baby.
Julia Simon
Pretty little baby.
Lakshmi Singh
Connie Francis was 87 years old. Green energy technologies such as home solar and heat pumps reduce pollution and electric bills. But NPR's Julia Simon tells us government subsidies for home energy upgrades are running out.
Julia Simon
Let's say you want home solar or an electric vehicle. There have been federal tax credits to make them a whole lot cheaper. On July 4, President Trump signed a major tax and spending bill on a law White House spokesperson Taylor Rogers says will unleash American energy. But the law eliminates federal tax credits that make homes more energy efficient and reduce energy bills. And soon the tax credit of 30% off rooftop home solar disappears December 31, as does the tax credit for eligible heat pumps and water heaters. If you want that federal money, experts say to be safe, you should make sure energy saving upgrades are paid for and installed before the end of the year. Julia Simon, NPR News.
Lakshmi Singh
U.S. stocks trading higher this hour. The Nasdaq is up 178 points. The Dow's climbed nearly 300 points, and the S&P's risen 40. This is NPR News.
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Lakshmi Singh
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NPR News Now: July 17, 2025, 3 PM EDT
Released on July 17, 2025
Lakshmi Singh (00:26): "White House press secretary Caroline Levitt says President Trump's in excellent health." President Trump recently underwent vascular testing after experiencing leg swelling, with all results returning normal. Additionally, concerns were raised about minor bruising on his hand.
Fatma Tanis (00:45): "Recent photos of the president have shown minor bruising on the back of his hand. This is consistent with minor soft tissue irritation from frequent handshaking and the use of aspirin, which is taken as part of a standard cardiovascular prevention regimen."
Further details reveal that President Trump was diagnosed with chronic venous insufficiency, a benign vein condition common in men over 70. Press Secretary Levitt emphasized the president's robust health during the recent news briefing.
Lakshmi Singh (00:59): President Trump's administration is urging the U.S. House to promptly pass an amended rescissions package approved by the Senate overnight. This package includes significant budget cuts totaling $1.1 billion to public broadcasting and $7.9 billion in foreign aid spending.
Maria Navarro (01:27): "The package codifies the spending cuts the Trump administration imposed earlier this year during the dismantling of the U.S. agency for International Development." Key cuts involve:
The White House argues that these funds were a misuse of taxpayer money and is pushing Congress to reclaim the previously approved expenditures. The package awaits a final vote in the House before the impending Friday deadline.
Lakshmi Singh (02:11): Immigrant rights organizations have launched a federal lawsuit aiming to halt what they describe as unlawful arrests occurring in immigration courts.
Fatma Tanis (02:22): "Immigration and Customs Enforcement agents have arrested immigrants in cities like New York City, San Francisco, and San Antonio as they made scheduled court appearances." The lawsuit, filed on behalf of 12 individuals in a D.C. federal court, contends that the Departments of Homeland Security and Justice have undermined due process rights, leading to:
The coalition, including the National Immigrant Justice Center, seeks to address these perceived violations of legal protections for immigrants appearing in court.
Lakshmi Singh (02:57): An Idaho court has granted a request from news organizations to lift the gag order in the high-profile case of Bryan Kohberger, who was convicted of murdering four University of Idaho students in 2022. Kohberger was spared the death penalty after agreeing to plead guilty to the charges.
Lakshmi Singh (02:57): Wall Street shows positive momentum with the Dow Jones Industrial Average up 231 points, the Nasdaq rising by 178 points, and the S&P 500 increasing by 40 points.
Lakshmi Singh (02:57): Fans are mourning the loss of Connie Francis, a legendary pop star from the 1950s and 60s, who passed away yesterday at the age of 87. Her publicist confirmed her death without disclosing the cause. Francis was a trailblazer as the first female singer to reach number one on the Billboard Hot 100, known for hits like "Who's Sorry Now" and "Pretty Little Baby."
Julia Simon (03:50): "Pretty little baby."
Lakshmi Singh (03:53): While green energy technologies like home solar panels and heat pumps are effective in reducing pollution and lowering electric bills, government subsidies facilitating these upgrades are nearing their end.
Julia Simon (04:11): "Let's say you want home solar or an electric vehicle. There have been federal tax credits to make them a whole lot cheaper. On July 4, President Trump signed a major tax and spending bill on a law White House spokesperson Taylor Rogers says will unleash American energy. But the law eliminates federal tax credits that make homes more energy efficient and reduce energy bills. And soon the tax credit of 30% off rooftop home solar disappears December 31, as does the tax credit for eligible heat pumps and water heaters. If you want that federal money, experts say to be safe, you should make sure energy saving upgrades are paid for and installed before the end of the year."
Homeowners and consumers are urged to act promptly to take advantage of these tax credits before they expire at the end of the year.
Lakshmi Singh (04:52): U.S. stock markets continue their upward trend with the Nasdaq up 178 points, the Dow climbing nearly 300 points, and the S&P advancing by 40 points.
This episode of NPR News Now provided a comprehensive update on pressing national issues, including presidential health, significant budgetary changes, immigration enforcement challenges, a notable criminal case, the legacy of a pop icon, and the impending expiration of green energy incentives—all underscored by positive movements in the stock market.