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that Pentagon is asking Congress for an additional $200 billion for the U.S. military
effort in Iran.
“And Pierce Quill Lawrence reports, Hegsev spoke following an escalation of attacks on”
mid-East oil fields." Hegsev, in the chairman of the Joint Chiefs of Staff, General Dan Kane, began a news conference by paying tribute to the six-service men and women who died last week when two Air Force refueling tankers collided. Hegsev went on to attack the media for negative reporting on the war against Iran, where
Hegsev said the U.S. military continues to face only minor resistance as it systematically destroys Iran's Navy, Air Force, and missile production capability. Hegsev did not dispute reporting that the Pentagon has asked Congress for roughly $200 billion saying it was needed to replenish missiles and the expensive interceptors the U.S. and allies are using to intercept Iran's comparatively cheap drone weapons.
Quill Lawrence and PR News. Treasury Secretary Scott Besend says the U.S. could take additional steps to help ease global oil shortages.
“He says the U.S. could decide to release more oil from the country's strategic petroleum”
reserve or SPR. Besend told Fox Business News today that would be linked to the global decision to release SPR stocks.
"The largest coordinated SPR release in history, 400 million barrels, was approved last
week, and some countries are going to do more. The U.S. could unilaterally do another SPR release to keep the price down." The Trump administration has already decided to release 172 million barrels from its strategic petroleum reserve. It's not clear how much would be released a second time.
Natural gas prices have spike 25% in Europe after attacks on gas infrastructure in Iran and Qatar, and beer's more in-fraier reports from London. The vast majority of British homes are heated by natural gas, most of it comes from the North Sea and Norway.
“Only a small percentage of the United Kingdom supply comes from the Middle East.”
But the U.K. is still hit by soaring global prices, and fears producers might divert supplies to bigger buyers in Asia, namely China. European markets are down on this energy volatility, meanwhile the U.K. is sending a small number of military planners to the Pentagon to help figure out how to secure the street of four moves, where a fifth of the world's oil supply passes.
But the U.K. is not sending warships, despite President Trump's demands, Lauren Frayer and Pierre-News London. A Senate Committee has advanced the nomination of Oklahoma, Republican Senator Mark Wayne Mullin, to be the Secretary of Homeland Security. His nomination could be taken up by the full Senate as early as next week.
It confirmed, Mullin would take over an agency partially shut down, Democrats are demanding changes in federal immigration operations. This is NPR. The federal government held an auction yesterday for oil and gas drilling rights in the National Petroleum Reserve in Alaska.
The auction broke records, and officials say the winning bids were worth nearly $164 million.
Alaska will receive half of that amount. An environmentalist opposed this development saying it destroys vital habitats. A new report finds older Americans own a bigger share of real estate wealth than ever before. And Pierre's Jennifer Ludden reports the shift comes as younger people struggle in the housing market.
Homeowners age 70 and above now own just over a quarter of real estate wealth about the same as middle-aged people who share his decline. That's according to a new analysis by the real estate brokerage Redfin. Those in between the two groups ages 55 to 69 own the most real estate wealth. Redfin finds the older baby boomers are the only group that seems steady housing gains
for nearly four decades. Gangard generations have all seen their share of real estate wealth stagnate or shrink and mid-rising home prices and mortgage rates. That tough market has also made it hard to downsize, and that's left many older people reluctant to give up their homes.
Jennifer Ludden and Pierre News Washington The Saudis Supreme Court has declared today will be the final day of the holy month of Ramadan. The first day of celebrations of Edel Fitter will be held tomorrow. These celebrations will conclude Ramadan, a month observed by Muslims worldwide with fasting,
prayer, and good works for others. You're listening to NPR.
