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Jeanine Herbst
In Washington, I'm Jeanine Herbst. House Republicans have given final approval to rescind $9 billion of president previously allocated funding, including $1.1 billion intended for NPR and PBS. And Pierre Scott Newman has more.
Scott Newman
The vote was 216 to 213, with all but two Republicans voting to cut funding for the Corporation for Public Broadcasting, which acts as a conduit for federal money directed to public radio and TV. The funds were already allocated for 2026 and 2027. The rescission package also includes 7.9 billion in foreign aid. In a statement, NPR CEO Kathryn Marr said the cuts were an irreversible loss to the public radio system. NPR receives only a few percent of its funding directly from the federal government, but its approximately 1000 member stations receive more and use some of it in turn to pay the network to air its programs. Scott Newman, NPR News, Washington.
Jeanine Herbst
Facing an uproar among some Republicans over the Jeffrey Epstein files after the Department of Justice said there is no client list, President Trump told Attorney General Pam Bondi to produce some grand jury testimony. Such a request would require the approval of a federal judge in the Southern District of New York, where Epstein was charged before dying by suicide in 2019. House Speaker Mike Johnson is among those calling for the information to be made public.
Mike Johnson
I think he's been very consistent. He wants to release all credible information, and that's in furtherance of his goal and what he stated.
Jeanine Herbst
Meanwhile, the House last night laid the groundwork for a possible vote, calling on the Justice Department to release material on its investigation into Epstein. But the measure is non binding and it hasn't been scheduled for a vote. Trump has shifted from his previous statement of calling for the calling the files a hoax, calling on Republicans who question his administration's handling of it. Stupid and foolish. More rain is expected to drench parts of the southern U.S. into the weekend. NPR's Matt Bloom reports. The remnants of a slow moving tropical system have moved inland.
Matt Bloom
The disturbance never gained enough strength to receive a name from the National Hurricane center, but it still dumped up to 10 inches of rain in several parts of Louisiana in recent days, causing flooding and some travel delays. Cities like New Orleans shut down government offices due to the high flood risk. A flood watch remains in effect for almost the entire southern half of the state as remnants continue to move in from the Gulf. The National Weather Service says coastal cities in Mississippi, Alabama and the Florida panhandle could also see more flood risk as the system moves north. It's expected to bring the threat of heavy downpours into southern Arkansas and northern Mississippi. Matt Bloom, NPR News.
Jeanine Herbst
U.S. futures contracts are trading higher at this hour, all three major indices up 0.1%. This is NPR News. The House has passed three bills on cryptocurrency. One will regulate a type of crypto called stablecoins. It's already passed the Senate and President Trump is expected to sign it today. A separate bill is broader legislation to create a new market structure for crypto through the securities and Exchange Commission and Commodity Futures Trading Commission. That's now in the hands of the Senate. This, as Trump has said, he wants to make the US the crypto capital of the world. Late night TV host Stephen Colbert has made a surprising announcement that CBS is ending his show next spring. As NPR's Mandalito Barco reports, the network says it was a purely financial decision.
Mandalit Del Barco
The live audience at New York's Ed Sullivan Theater was not happy to hear Stephen Colbert deliver the news that this will be his show's final season.
Stephen Colbert
Yeah, I share your feelings. It's not just the end of our show, but it's the end of the Late show on cbs. I'm not being replaced. This is all just going away.
Mandalit Del Barco
Colbert has hosted the show since 2015, taking over for David Letterman. The news comes shortly after CBS paid $16 million to settle a lawsuit filed by then presidential candidate Donald Trump, who Colbert regularly skewers in his monologues. In a statement, the network said ending the show was a financial decision and, quote, not related in any way to the show's performance, content or other matter happening at Paramount. That's CBS's parent company, Mandalit Del Barco, NPR News.
Jeanine Herbst
And I'm Jeanine Herbst. And you're listening to NPR News from Washington.
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NPR News Now: Detailed Summary of July 18, 2025, 6AM EDT Episode
Released on July 18, 2025
House Republicans Approve $9 Billion Rescission Package
House Republicans have finalized a controversial $9 billion rescission package that includes significant cuts to funding for public broadcasting entities. Among the reductions, $1.1 billion earmarked for the Corporation for Public Broadcasting (CPB), which channels federal funds to NPR and PBS, has been rescinded. The vote narrowly passed with a tally of 216 to 213—all but two Republicans supported the cuts.
Key Insights:
Additional Context: The rescission package also encompasses $7.9 billion in foreign aid, reflecting a broader approach to federal budget adjustments by the House Republicans. The potential impact on public broadcasting has sparked debates about the future of non-profit media outlets and their ability to remain independent and informative without substantial federal support.
Demand for Grand Jury Testimony Amidst Epstein File Controversy
Amidst mounting pressure from some Republicans regarding the Department of Justice's handling of Jeffrey Epstein's files, President Donald Trump has directed Attorney General Pam Bondi to produce grand jury testimony related to the case. This request would necessitate approval from a federal judge in the Southern District of New York, where Epstein was initially charged before his death in 2019.
Key Insights:
President Trump's Shift in Stance: Initially dismissing the Epstein files as a hoax, Trump has altered his position to criticize Republicans who challenge his administration's approach to the investigation. He has labeled such inquiries as "stupid and foolish," reflecting a notable shift from previous statements (01:55).
Implications: The push for greater transparency in the Epstein case underscores ongoing tensions between legislative branches and the executive regarding high-profile legal investigations. The outcome of this demand could set precedents for how sensitive legal documents are handled and disclosed in future cases.
Remnants of Tropical System Bring Flood Risks
A slow-moving tropical disturbance, which did not intensify into a named storm, continues to impact the southern United States with significant rainfall. The National Hurricane Center reported that the system has dropped up to 10 inches of rain in parts of Louisiana over recent days, leading to widespread flooding and travel disruptions.
Key Insights:
Impact: The persistent rainfall poses challenges for infrastructure, emergency services, and local communities. Authorities are monitoring the situation closely to provide timely updates and mitigate potential disasters caused by flooding.
House Passes Three Bills Aimed at Regulating Cryptocurrency
The U.S. House of Representatives has successfully passed three significant bills targeting the cryptocurrency sector, marking a decisive step towards establishing a comprehensive regulatory framework.
Key Insights:
President Trump's Vision: Echoing the administration's pro-crypto stance, President Trump has expressed his ambition for the U.S. to become the "crypto capital of the world," highlighting the strategic importance of these legislative efforts in fostering innovation and economic growth within the digital currency landscape.
Financial Markets Reaction: In related financial news, U.S. futures contracts are trading higher, with all three major indices up by 0.1%, reflecting investor optimism surrounding the regulatory developments in the cryptocurrency market (03:10).
CBS Ends Stephen Colbert’s Late-Night Show Next Spring
In a surprising announcement, late-night host Stephen Colbert revealed that CBS will be ending his show in the upcoming spring, marking the conclusion of his tenure at the Ed Sullivan Theater site.
Key Insights:
Background: Colbert has been the host since 2015, taking over from David Letterman. His show garnered significant attention, particularly for its satirical take on political and social issues, including frequent jabs at former President Donald Trump.
Additional Context: The timing of the show's cancellation comes shortly after CBS settled a lawsuit filed by Trump for $16 million, a case that was partly fueled by Colbert's critical monologues targeting the former president. Despite the rocky interactions, CBS maintained that the show's termination is solely a result of financial considerations.
Audience Reaction: The live audience at New York's Ed Sullivan Theater expressed visible disappointment upon hearing the news, underscoring Colbert's impact and popularity as a late-night figure.
This episode of NPR News Now provided comprehensive coverage of significant national developments, from federal budgetary shifts affecting public broadcasting to high-profile political maneuvers and environmental updates. Additionally, it highlighted pivotal changes in the entertainment and financial sectors, reflecting the diverse range of topics that shape the current socio-political landscape.
Note: Advertisements from Capital One and Mint Mobile were part of the original broadcast but have been excluded from this summary to maintain focus on the core news content.