Steve Inskeep

Today's episode of Up First was edited by Russell Lewis, James Dubek, Miguel Macias, Arzu Razvani, and Jenea Williams. It was produced by Ziad Bach, Nia Dumas, and Christopher Thomas. We get engineering support from Damian Herring, and our technical director is Carly Strange. Join us again tomorrow.

Here are some vocabulary words to help describe this week.

Here are some vocabulary words to help describe this week.

Here are some vocabulary words to help describe this week.

Will the Fed step in to stabilize things with lower rates? I'm Steve Inskeep with Michelle Martin, and this is Up First from NPR News. A budget plan extending President Trump's tax cuts narrowly gained approval in the House.

Will the Fed step in to stabilize things with lower rates? I'm Steve Inskeep with Michelle Martin, and this is Up First from NPR News. A budget plan extending President Trump's tax cuts narrowly gained approval in the House.

Will the Fed step in to stabilize things with lower rates? I'm Steve Inskeep with Michelle Martin, and this is Up First from NPR News. A budget plan extending President Trump's tax cuts narrowly gained approval in the House.

Even some Republicans worried that spending cuts targeting Medicaid could hurt working class Trump voters. So what is the Republican strategy?

Even some Republicans worried that spending cuts targeting Medicaid could hurt working class Trump voters. So what is the Republican strategy?

Even some Republicans worried that spending cuts targeting Medicaid could hurt working class Trump voters. So what is the Republican strategy?

This week, the president made up a new tax rate that Americans pay for Chinese imports. He made the announcement by composing a social media post with a couple of cabinet secretaries in the room. That was the process. One day later, the White House said the rate was actually different than announced, marking the sixth time the president has changed the China tariff in a matter of weeks.

This week, the president made up a new tax rate that Americans pay for Chinese imports. He made the announcement by composing a social media post with a couple of cabinet secretaries in the room. That was the process. One day later, the White House said the rate was actually different than announced, marking the sixth time the president has changed the China tariff in a matter of weeks.

This week, the president made up a new tax rate that Americans pay for Chinese imports. He made the announcement by composing a social media post with a couple of cabinet secretaries in the room. That was the process. One day later, the White House said the rate was actually different than announced, marking the sixth time the president has changed the China tariff in a matter of weeks.

Last night, China struck back by raising their tariffs on U.S. imports to 125 percent. So what does all this mean for financial markets and the broader economy?

Last night, China struck back by raising their tariffs on U.S. imports to 125 percent. So what does all this mean for financial markets and the broader economy?

Last night, China struck back by raising their tariffs on U.S. imports to 125 percent. So what does all this mean for financial markets and the broader economy?

Republicans narrowly gained approval of their budget blueprint, which makes room for renewing President Trump's tax cuts as well as his border security policies. This plan also includes trillions of dollars in federal borrowing to finance those tax cuts and other things. Fiscal conservatives resisted that part but got a promise from party leaders to deliver spending cuts later.

Republicans narrowly gained approval of their budget blueprint, which makes room for renewing President Trump's tax cuts as well as his border security policies. This plan also includes trillions of dollars in federal borrowing to finance those tax cuts and other things. Fiscal conservatives resisted that part but got a promise from party leaders to deliver spending cuts later.

Republicans narrowly gained approval of their budget blueprint, which makes room for renewing President Trump's tax cuts as well as his border security policies. This plan also includes trillions of dollars in federal borrowing to finance those tax cuts and other things. Fiscal conservatives resisted that part but got a promise from party leaders to deliver spending cuts later.

Speaker Mike Johnson says the real work begins now.