Fed likely to scale back rate cut plans; Sandy Hook survivors set to graduate; gas prices falling
Manage episode 423196166 series 3361553
On the version of Hot off the Wire posted April June 12 at 7:30 a.m. CT:
WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level well above their 2% target, they are downgrading their outlook for interest rate cuts.
Primaries were held in South Carolina and Ohio on Tuesday.
WILMINGTON, Del. (AP) — Hunter Biden’s legal woes are not over after his conviction on three felony firearms charges in a trial that put a spotlight on his drug-fueled past. Now, President Joe Biden’s son faces sentencing, and another trial on tax charges in the middle of his father’s reelection campaign.
BEIRUT (AP) — Lebanon’s Hezbollah has fired scores of rockets into northern Israel to avenge the killing of a top commander.
WARREN, Mich. (AP) — The lead singer of the Four Tops says a Detroit-area hospital restrained him and ordered a psychological exam after refusing to believe that he was part of the Motown music group. Alexander Morris filed a lawsuit Monday against Ascension Macomb-Oakland Hospital in Warren.
NEWTOWN, Conn. (AP) — The children who survived the 2012 shooting at Sandy Hook Elementary School in Newtown, Connecticut, will be graduating high school with mixed emotions. Although they're excited to go off to college or start a career, they say they're also sad that their classmates who were killed can't be with them to celebrate and live the rest of their lives.
In other news:
- Justice Alito questions possibility of political compromise in secret recording.
- US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel.
- A Florida law blocking treatment for transgender children is thrown out by a federal judge.
- Gunman wounds 3 in Atlanta food court before being shot by officer, police say.
- Southern Baptists expel Virginia church for believing women can serve as pastors.
- Waffle House raises worker pay after strikes and pressure from labor organizers.
- Union 4 Florida police officers indicted for 2019 shootout that left UPS driver and passerby dead.
- Pamela Smart, serving life, accepts responsibility for her husband's 1990 killing for the first time.
- Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand.
- Attraction starring Disney's first Black princess replaces ride based on film many viewed as racist.
- Defense attorney for rapper Young Thug found in contempt, ordered to spend 10 weekends in jail.
- Mexico's historic Chapultepec Castle is flying the Targaryen flag, and officials aren't amused.
- The Celtics may or may not have one of their key players for Wednesday's Game Three of the NBA Finals, the Phillies and Yankees continue to have their way with the rest of MLB, and a big name will be sitting out golf's US Open this weekend. Aaron Rodgers and Haason Reddick are not attending Jets' mandatory minicamp.
—The Associated Press
About this program
Host Terry Lipshetz is managing editor of the national newsroom for Lee Enterprises. Besides producing the daily Hot off the Wire news podcast, Terry conducts periodic interviews for this Behind the Headlines program, co-hosts the Streamed & Screened movies and television program and is the former producer of Across the Sky, a podcast dedicated to weather and climate.
288 episodes