Headline News from The Associated Press
AP Headline News - Jul 09 2024 13:00 (EDT)
AP News, I'm Ed Donohue. Democrats in the House convene today for a family discussion behind closed doors. Illinois's Mike Quigley says Joe Biden's fighting spirit four years ago will bring the party down this year. He just has to step down because he can't win and my colleagues need to recognize that. In the Senate, Connecticut's Richard Blumenthal says President Biden needs to keep talking to the doubters and to the American people. I think he is energetically and effectively addressing those concerns and he needs to continue to make that case to the American people. The source tells the AP the president will hold a virtual meeting with mayors around the country tonight. Former President Donald Trump is getting back on the campaign trail at his flagship Miami Golf Resort. The Federal Reserve's chairman is suggesting interest rate cuts may be getting closer. The AP's soccer McGahnie has the story. The Fed's benchmark rate is at a two decade high as the central bank keeps fighting inflation. Over the past two years, the economy has made considerable progress. But at the same time, elevated inflation is not the only risk we face. Chair Jerome Powell tells the Senate panel the Fed is also facing a cooling job market and cutting rates by too little or too late. Could hurt economic activity and employment. While that suggests the Fed is nearing a move to cut rates, Powell did not say what Wall Street investors are anxious to hear. Any strong indication of when cuts might start. Economists expect they will begin at the Fed's September meeting. Sagar McGahnie, Washington. Many of the millions left without power when Hurricane Beryl crashed through Houston now face days without power and air conditioning. As dangerous heat threatens the region, the remnants of Beryl are moving through Arkansas. Her surgeon announced a New Jersey woman who received a pig kidney transplant along with an implanted device to keep her heart beating has died. This is AP News. Tenor Joe Bonsell from The Oak Ridge Boys has died from complications of Lou Gehrig's disease. He was 76. Here's the AP's Margie Zarleta. Joe Bonsell was a 50 year member of The Oak Ridge Boys who have won just about every honor in country music there is. Their hits include Bobby Sue, American Maid, I'm set and fancy free. Then there was that game changer song. Bonsell said in a 2011 AP interview, Elvira transformed their lives. It just became a monster monster hit song. It took us from being a country music major country music act at the time to a household name. Bonsell also wrote 11 books. His last one is a memoir called I See Myself that comes out in November. I'm Margie Zarleta. In New Mexico, Alec Baldwin's trial on the shooting of a cinematographer is set to begin with jury selection who will decide whether the actor is guilty of involuntary manslaughter. I'm Ed Donahue, AP News. An official message from Medicare. A new law is helping me save more money on prescription drug costs. Maybe you can save too. With Medicare's extra help program, my premium is zero and my out-of-pocket costs are low. Who should apply? Single people making less than $23,000 a year or married couples who make less than $31,000 a year. Even if you don't think you qualify, it pays to find out. Go to ssa.gov/extrahelp. Paid for by the US Department of Health and Human Services. What's next? At Moss Adams, that question inspires us to help people and their businesses strategically define and claim their future. As one of America's leading accounting, consulting and wealth management firms, our collaborative approach creates solutions for your unique business needs. We leverage industry-focused insights with the collective technical resources of our firm to elevate your performance, uncover opportunity, and move upward at MossAtoms.com. Why wear a seatbelt? The math speaks for itself. You have a one in 40 chance of being in a crash this year. But wearing a seatbelt reduces your risk of serious harm by 50%. Their rollover crash more than three out of five deaths are from those who weren't wearing theirs. Seatbelts save lives. Over 370,000 in fact, most passengers killed in crashes weren't buckled up. Nobody is above the laws of physics. Buckle up and shift in a safe. A message from the Colorado Department of Transportation.