Headline News from The Associated Press
AP Headline News - Mar 12 2024 14:00 (EDT)
AP News, I'm Ed Donahue. Special counsel Robert Hur is facing questions from Democrats and Republicans on a House committee over his recommendation not to file charges against President Biden over his retention of classified documents from his time as vice president. Democrats like California's Adam Schiff are criticizing the part of the report that questioned the president's age and mental competence. You understood when you made that decision, didn't you Mr. Hur? That you would ignite a political firestorm with that language, didn't you? Congressman, politics played no part whatsoever in my investigative steps. You understood nevertheless the work that I've put in my report. Republicans like California's Tom McClintock are critical of the recommendation of no charges. Donald Trump's being prosecuted for exactly the same act that you've documented that Joe Biden committed. Hur says he did not sanitize his explanation or disparage the president unfairly. Consumer prices picked up last month. A sign inflation remains a persistent challenge. PNC Financials Gus Voche says this may put the brakes on the Federal Reserve when it comes to interest rate cuts. They're concerned that inflation is still running a little too hot. I also think it makes it less likely that the Fed will be cutting rates when they meet in May. That being said, we do see inflation continuing to slow and I would expect by the middle of this year the Fed will feel comfortable starting to cut interest rates slowly, but they will be moving down. Russian officials say Ukrainian long-range drones have smashed it to two oil facilities deep inside Russia. At the same time, an armed incursion claimed by Ukraine-based Russian opponents of the Kremlin unearned a border region just days before Russia's presidential election. President Biden is hosting Poland's president and prime minister for talks at the White House today, with the Polish leaders looking to press Washington to break its impasse over replenishing funds for Ukraine at a critical moment in the war in Europe. Stocks remain higher on Wall Street. This is AP News. The scandal overcame the Princess of Wales family photo is the newest chapter in the thorny relationship between the media and Britain's royal family. It's also a sign of how hard it is for the monarchy to control its own narrative in the social media era. Ukraine newspapers were dominated on Tuesday by what the Daily Mirror called "the picture of chaos" and the Daily Mail labeled "a PR disaster for the royals." It follows the retraction by the AP and other news agencies of a photo of Kate and her children over concerns it had been manipulated. Kate apologised, but that's not stopped. The flood of rumours and conspiracy on social media. A former Jacksonville Jaguars financial manager Amit Patel, who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card program, was sentenced to 78 months in federal prison. I'm Ed Donahue, AP News. Hello, Saver! Whether you're saving for that trip to the tropics or saving for an emergency, now is the time to take advantage of Wells Fargo's savings options. Wells Fargo offers savings accounts that can help you save towards your goals. So, what are you saving for? Go to Wells Fargo Branch or Wells Fargo dot com slash save to open a savings account today. Wells Fargo Bank NA member FDIC (upbeat music)