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NPR News Now

NPR News: 05-18-2023 6PM EDT

NPR News Now

NPR

News, Daily News

4.214.3K Ratings

🗓️ 18 May 2023

⏱️ 5 minutes

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Summary

NPR News: 05-18-2023 6PM EDT

Transcript

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0:00.0

Live from NPR News in Washington, I'm Jack Spear.

0:05.7

Treasury Secretary Janet Yellen met with National and Regional Banking leaders in Washington

0:11.1

today.

0:12.1

His NPR's David Gore explains Yellen told them what she's been telling Congress.

0:16.3

The U.S. may be unable to pay its bills in a matter of weeks.

0:19.5

Treasury Secretary Janet Yellen and more than two dozen bank executives, including the

0:23.6

heads of city group, Bank of America and JP Morgan Chase, talked about the recent turmoil

0:28.5

in the banking system and President Biden's economic policies.

0:32.3

But they spent a good chunk of time discussing the debt limit, as the White House and congressional

0:36.8

leaders are trying to hammer out a deal to avoid a default.

0:40.8

According to a readout from the Treasury Department, Yellen outlined how failing to raise the

0:45.3

debt limit would be, quote, catastrophic for the financial system.

0:48.8

And she said the consequences of inaction would be severe.

0:52.8

David Gore and P.R. News, New York.

0:55.2

A man accused of killing five of his neighbors near Houston late last month made his first

0:59.4

court appearance today from Houston Public Media, Jack Williams reports.

1:03.5

Francisco Orrepeza has been held on $7.5 million bond since he was captured a few days

1:09.1

after the shootings that occurred near Cleveland, Texas, about 45 miles from Houston.

1:14.7

He hasn't been indicted yet and a judge says a grand jury likely won't hear the case

1:18.9

until at least next month.

1:21.1

Orrepeza is charged with five counts of first-degree murder, but his attorney, Lisa Andrews,

1:26.4

says the public hasn't heard the whole story.

...

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