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The 7

Tuesday, December 13, 2022

The 7

The Washington Post

Daily News, News

4.51.3K Ratings

🗓️ 13 December 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

Tuesday briefing: Sam Bankman-Fried arrest; blizzard in central states; Elon Musk’s Twitter; BTS military service; and more


Read today's briefing.

Transcript

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0:00.0

There's been another twist in the FTX crypto saga with an arrest in the Bahamas.

0:07.0

That's where we're starting the 7th from the Washington Post.

0:10.0

I'm Jeff Pierre. It's Tuesday, December 13th.

0:14.0

Let's get you caught up with today's seven stories.

0:17.0

The 30-year-old founder of FTX, Sam Bankman Freed, was arrested last night.

0:27.8

The cryptocurrency exchange filed for bankruptcy last month.

0:31.3

That happened after FTX didn't have enough money to let customers

0:34.6

withdraw their funds. The arrest went down in the Bahamas after US prosecutors

0:39.5

indicted him. Before this happened, Bankman Freed had been expected to testify before Congress today.

0:47.0

The latest data on rising prices comes out this morning. That's our second story today.

0:58.6

Experts believe that inflation slowed again last month.

1:02.6

The numbers they expect are still too high for a healthy economy,

1:05.6

but they would show some progress.

1:07.6

The Federal Reserve, the U.S. Central Bank, is expected to raise interest rates

1:12.2

again tomorrow.

1:13.2

That's one of the only tools it has to fight rising prices.

1:16.6

Inflation has zigged and zagged in many directions this year.

1:20.1

Officials at the Fed wants to see months of steady progress before changing any tactics.

1:25.0

Number three, there's a blizzard exploding over the central US.

1:35.8

Parts of Colorado, Wyoming, Montana, South Dakota,

1:40.0

and Nebraska could get up to two feet of snow,

1:43.2

and the storm could bring severe thunderstorms

...

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