diff --git a/DESCRIPTION b/DESCRIPTION
index a12f354a..94ae87e0 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: withr
 Title: Run Code 'With' Temporarily Modified Global State
-Version: 2.4.3.9000
+Version: 2.5.0
 Authors@R: 
     c(person(given = "Jim",
              family = "Hester",
diff --git a/NEWS.md b/NEWS.md
index 9bd4ac42..94c9c60f 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# withr (development version)
+# withr 2.5.0
 
 * `defer()` and all `local_*()` functions now work when run inside of
   a `.Rmd`. The deferred expressions are executed when knitr exits.