AFN NEWS ON THE HOUR
Thursday, March 22, 2018

 

1)  From ABC News: I’m Richard Cantu. Authorities have been searching the Austin, Texas area home of serial bomber Mark Anthony Conditt who blew himself up before dawn as authorities closed in. Fred Milanowski, Special Agent in Charge, Houston office of the Bureau of Alcohol, Tobacco and Firearms, says he didn’t find any completed bombs. “As far as a completed device, there’s no completed devices in the house. There was componentry and the homemade explosive material that we found in the house, and that’s what we are most concerned about.” While reminding the public to remain vigilant, the authorities express reasonable level of certainty they call there are no more bombs.

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2) Attorney General Jeff Sessions fired Andrew McCabe, the Deputy FBI Director, for what Sessions called a lack of candor. Sources tell ABC News that nearly a year ago McCabe oversaw a federal criminal investigation into whether Sessions lacked candor when testifying before Congress about contacts with Russian operatives.

 

3) With just two days left before a government shutdown, congressional negotiators are coalescing around the $1.3 trillion spending bill. “The White House is behind the still undisclosed deal. Speaker of the House Paul Ryan’s office is confirming he met with the President to discuss the bill this afternoon with the Senate Majority Leader joining by phone. In a statement the White House Press Secretary said they discussed their shared priorities including more fund for the military and fund to combat the opioid crisis.” ABC Serena Marshall on Capitol Hill.

 

3) Cost and money going up. Federal Reserve’s raising its bench mark interest rate by a modest 1/4 point to 1.75%, said Chair Jerome Powell. “Today’s decision to raise the federal funds rate is another step in the process of gradually scaling back monetary policy accommodation as the economic expansion continues.”

 

4) Financial services firm UBS has agreed to pay a $230 million settlement to New York State for its handling the mortgage-backed securities in the run-up to the 2008 financial system meltdown.

 

5) On Wall Street, stocks closed lower. The NASDAQ lost 45 points. The NASDAQ was down 19. You’re listening to ABC News.

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