Live from NPR News in Washington, I'm Janine Herbst.
President Trump says the U.S. has struck a deal to take a major stake in Venezuela and oil reserves.
“And here's Franco Ordonia's reports, the deal follows the U.S. capture of former Venezuelan”
President Nicholas Maduro earlier this year. President Trump says the agreement includes the U.S. getting majority control of more
than 65 billion barrels of Venezuela and oil.
The President touted on social media that it was "the biggest oil deal in world history" would double U.S. oil reserves, while coming at no cost for U.S. taxpayers. Dwight House has yet to provide specific details or timing of the arrangement, but it comes as U.S. drivers grapple with surging gas prices tied to the ongoing war in Iran. Earlier this month, the Department of Energy reported that stocks of crude oil in the U.S.
strategic petroleum reserve have fallen to its lowest levels since 1982. Trump claims the deal will bring down gas prices substantially, Franco Ordonia's NPR News. The Department of the Interior says there's been no political pressure and no final decision has been made on handing over a piece of land in Yosemite National Park to a private developer, their right of member-station KQED Hezmour.
A land exchange with property somewhere else in California would allow King's Barn Realty Capital to build a shortcut from a plot-it-ones to Yosemite's main attractions.
The news was first reported by the publication notice, and PR has not independently confirmed
the reporting. An exchange like this has been under debate since the early 2000s when the former landowner lost the same battle in court. Retired Yosemite's superintendent Don Newbocker called this latest attempt, quote, "radiculous."
“"When you do land exchange, you have to demonstrate in the best or interest of the government.”
I don't see how anybody can claim that." King's Barn has not responded to inquiries. For NPR News, I'm Sarah Wright. The chair Kevin Warch says inflation is too high, and though he didn't give a clear indication on interest rates and possible hikes, investors now think the Fed is likely to raise interest
rates as early as next month. In his first speech, his Fed chair, to a gathering of economists, rather in central bankers in Jackson Hall, Wyoming today, wars says inflation is running above the 2% target if you're scutthorcely as more. Warch did offer his take on the economy.
He says the job market looks fairly stable, business investment strong, consumer spending is resilient, the main challenge the Fed chairman sees is prices which are climbing faster than he and his colleagues would like. Warch says today's interest rates do not appear to be putting the brakes on the economy or inflation, and investors took that as a sign the Fed may have to raise rates as early
as next month. And Pierre Scott Horsley, this is NPR. The death toll from catastrophic flash flooding on the border between Nepal and China's tie-back region has risen to more than 570 with more than 2000 listed as missing, including a hundredths of foreign tourists as rescue efforts continue.
The state departments as 90 Americans are unaccounted for in both countries, while five have been rescued. Preliminary reports suggest a giant glacier collapsed triggering the flooding and a landslide. Senator John Osaf of Georgia is the only Senate Democrat defending a seat in a state president Trump won in 2024.
But with two months to go, Democrats are feeling confident and see an off-suff a model that is the party figures out its next steps, and if your Sam Greenglass has more from Atlanta. John Osaf is energizing Democrats not only in Georgia, with boisterous rallies that turn into viral clips, excoriating alleged graft in President Trump's orbit. They made you pay more for everything and took us to war on lies and spent most of
the last year trying to cover up for the world's most famous pedophile while the crook president and his crook family raked in billions. Even some Georgia Republicans praise Osaf's focus on delivering for constituents, though some of that crossover support is due to voters' unease with his opponent, GOP Congressman Mike Collins, being linked to people with white nationalist and anti-Semitic views.
Sam Greenglass and PR News Atlanta. Wall Street lower by the closing bell, the Dowd on 9 points, NAS decked on 138 S&P 500 down 19. You're listening to NPR News. Fall is right around the corner.
That means the midterms. Hey, it's Miles Parks from the NPR Politics podcast. Now is the perfect time to calibrate your news diet for the fall.
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