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1A

The News Roundup For March 17, 2023

1A

NPR

News

4.34.5K Ratings

🗓️ 18 March 2023

⏱️ 89 minutes

🧾️ Download transcript

Summary

Silicon Valley Bank collapsed this week, sending shockwaves through the financial world.

A judge in Texas heard arguments in a lawsuit against a widely-used abortion medication. The Alliance for Hippocratic Medicine filed the suit to overturn the FDA's approval of pills that account for more than half of abortions in the U.S.

The Biden administration approved a drilling project in Alaska's National Petroleum Reserve that would supposedly produce 180,000 barrels of oil a day. Environmental activists said this approval would violate the president's climate goals.

Also this week, the Biden administration is demanding that the Chinese-owned social media app TikTok be sold. Otherwise, it risks a nationwide ban.

And Mexican President Andrés Manuel López Obrador said this week that his country is safer than the U.S. This was his response to critics after four Americans were attacked by cartel gunmen, leaving two dead.

We cover all this and more during the News Roundup.

Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.

Transcript

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0:00.0

Hey, it's Jen. Just a quick heads up before we start the show.

0:03.9

The news is rapidly developing and things may have changed by the time you hear this episode.

0:09.5

For the very latest news tune into your public radio station and follow updates at npr.org.

0:24.1

You're listening to the 1A podcast. I'm Jen White and it's time for the news roundup.

0:29.3

This week served up some big stories, financial woes for American banks, a court case with major

0:35.1

implications for reproductive rights, and a possible indictment for the former president.

0:39.7

It was a confidential settlement. So is it the truth? Of course it's not the truth.

0:44.1

Was he supposed to tell truth? He would be in violation of the agreement if he told the truth.

0:47.8

So by him doing that, it was a biting bite. That was his rights, but Stormy Daniels, right?

0:52.6

We'll do our best to break that down along with the rest of the week's news.

0:55.8

Joining us for the next hour, Ron Elving. He's a senior editor and correspondent for NPR.

1:00.8

Ron, welcome back. Good to be with you. And with me in studio, Cheryl Gaystolberg.

1:05.5

She covers the intersection of health policy and politics for the New York Times.

1:09.2

Always great to have you Cheryl. Great to be here, Jen.

1:11.5

And back once again, Todd Zwillick. He's host of VICE's Breaking the Vote series. Hi, Todd.

1:16.6

It's fine, Jen. So, okay, let's start with the banks. There's a lot going on.

1:20.6

Last Friday, Silicon Valley Bank became the biggest American bank to fail

1:24.5

since Washington Mutual collapsed in 2008 at the height of the global financial crisis.

1:29.1

It's put markets and the Biden administration. All customers who had deposits in these banks can

1:34.8

rest assured they'll be protected and they'll have access to their money as of today.

1:40.3

No losses will be borne by the taxpayers. That was President Joe Biden speaking on Monday.

1:45.6

Ron, why did SVB and New York Bank based, uh, based bank rather signature fail?

...

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