NPR News: 06-17-2026 11PM EDT
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Live from NPR News, I'm Giles Snyder. President Trump says everyone he met at the G7 in France, quote, loves the deal he's agreed to with Iran. For his part, French President Emmanuel Macron says it does not resolve everything, but it is key for the global economy. As NPR's Michelle Kellerman reports.
President Trump has faced a lot of criticism from Iran hawks for signing a deal that focuses on the Strait of Hormuz and starts a 60-day clock to negotiate over Iran's nuclear program, which was the initial reason for launching the war. But Trump says only, quote, stupid people want him to continue dropping bombs.
And it's a memorandum of understanding. If it doesn't get done in 60 days, that's all right.
We go back to bombing. You know, I don't want to do that because it's so good. He says the U.S. won't give Iran any money under the deal, but the agreement does pave the way for sanctions relief and investments from the region. Michelle Kellerman, NPR News, the State Department.
Back in Washington, D.C., new Federal Reserve Chairman Kevin Warsh pledged to get inflation under control.
Persistently high prices are a burden for the American people. But the recent past need not be prologue. I am pleased to report... that members of the FOMC are unambiguous and unanimous. This committee will deliver price stability.
The Fed held its benchmark interest rate steady, but stocks tumbled today after policymakers signaled they may have to raise interest rates by the end of this year. The S&P 500 slumped 1.2%. The Dow gave back morning gains to finish with a drop of 1%. and the Nasdaq Composite closed down 1.3%. Meanwhile, stocks are steady in Asia, with Japan's benchmark Nikkei share average rallying to another record high, above the 71,000 mark for the first time. On to Tropical Storm Arthur brewing off the Gulf Coast and dousing Texas and Louisiana. NPR's Debbie Elliott reports on the first named storm of the Atlantic hurricane season.
Tropical storm warnings are posted from High Island, Texas to Morgan City, Louisiana. Forecasters with the National Hurricane Center say Arthur will bring tropical storm force winds near 40 miles an hour, along with heavy rainfall and coastal flooding to Texas and Louisiana. Flash flooding is also possible as the storm moves eastward into Mississippi, Alabama, Georgia and the Florida Panhandle. The city of New Orleans is distributing sandbags for residents to brace for flooding. Gusty winds from Arthur have caused scattered power outages in and around Galveston, Texas, and the storm's also churning up rough surf, prompting marine warnings in the Gulf. Debbie Elliott, NPR News.
And you're listening to NPR News. Investigators were on the scene today in South Texas where a business jet carrying six people crashed on a Texas highway. One person on board was killed and officials in Laredo credited bystanders for helping rescue the others. Officials say the plane went down after its crew radioed a local airport seeking to make an emergency landing. The Federal Aviation Administration and the National Transportation Safety Board are investigating. Former President Barack Obama and former First Lady Michelle Obama will preside over the dedication tomorrow of the Obama Presidential Center on Chicago's South Side. Here's NPR's Don Gagne.
It's traditional for former presidents to create a library to house records and documents from their presidency and to highlight their time in the White House. The Obama Center is different. First off, it's not a presidential library, the logic being that records from the Obama era were digital and are accessible online. There's a museum, but the center also features a branch of the Chicago Public Library. There's ample park space, even a regulation NBA-sized basketball court. Guests at the dedication ceremony will include former Presidents Bill Clinton, George W. Bush, and Joe Biden. Not invited, President Donald Trump, who's known to regularly insult and demean Obama in speeches and to the press.
Don Gagne, NPR News, Chicago.
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