Economic Warfare On Iran, White House Ballroom, Bond Market Warning Signs

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President Trump is doubling down on economic pressure against Iran, threatening consequences for any country that provides a lifeline as Treasury Secretary Scott Bessent prepares to detail the plan next week.<br>The Supreme Court is expected to weigh in on President Trump’s White House ballroom project, which a lawsuit argues needed congressional approval and the administration is now framing the ballroom as a military complex.<br>Investors sold off both stocks and bonds as the yield on government debt hit its highest level in nearly two decades, despite efforts by the Treasury to calm the market.<br/><br/><em>Want more analysis of the most important news of the day, plus a little fun? </em><a href="https://www.npr.org/newsletter/news"target="_blank" >Subscribe</a><em> to the Up First newsletter.</em><br/><br/>Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at <a href="http://plus.npr.org/"target="_blank" >plus.npr.org</a>.<br/><br/>Today’s episode of Up First was edited by Rebekah Metzler, Emily Kopp, Mohamad ElBardicy and Alice Woelfle.<br/><br/>It was produced by Paige Waterhouse and Nia Dumas.<br/><br/>Our director is Kaity Kline.<br/><br/>We get engineering support from Carleigh Strange. Our technical director is Eowyn <<AY-oh-win>> Fain.<br/><br/>And our executive producer is Jay Shaylor.<br/><br/>(0:00) Introduction<br>(1:54) Economic Warfare on Iran<br>(5:47) White House Ballroom<br>(9:44) Bond Market Warning Signs<br/><br/>See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br/><br/><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>