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News Wrap: South Sudan president, rebel leader agree to ceasefire

May 9, 2014 at 6:02 PM EST
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HARI SREENIVASAN:  House Democrats were divided today on whether to join Republicans in investigating the Benghazi attacks.  It will be the eighth probe of the September 2012 attack that killed four Americans in Libya.

At a briefing today, Minority Leader Nancy Pelosi called this latest investigation a political stunt, but she said her members are still considering what to do.

REP. NANCY PELOSI, D, Minority Leader:  Our caucus is clearly among those who say don’t have anything to do with it, it’s a kangaroo court, it’s been identified as such, don’t dignify what they are doing, others who say, just send one person, so we can see what they’re doing to the witnesses and have access to that testimony.  And the third option is, let’s see what they come back with in terms of the terms of engagement.

HARI SREENIVASAN:  Pelosi’s office is negotiating with House Speaker John Boehner’s office on just how the investigation will be run.

South Sudan’s President Salva Kiir rebel leader Riek Machar agreed today on a cease-fire.  They met in Addis Ababa, Ethiopia, in their first face-to-face session since fighting began in December.  In addition to the cease-fire, the two men agreed a transitional government offers the best chance to move towards new elections.  The United Nations has accused both sides of crimes against humanity, and the U.S. has imposed sanctions.

U.S. automakers have announced two major recalls.  Ford said today it’s calling back nearly 700,000 Escape SUV’s and C-MAX hybrids from the last two model years.  Their side-curtain air bags may not inflate in a rollover crash.  And outside door handles could bind and prevent the door from locking properly.  And Chrysler is recalling 780,000 minivans from 2010 through 2014 with window switches that may overheat.  There’ve been no reports of crashes or injuries from these problems.

Wall Street closed out the week with modest gains.  The Dow Jones industrial average added 32 points to close at a new record, 16,583.  The Nasdaq rose 20 points to close near 4,072.  And the S&P 500 was up two, at 1,878.  For the week, the Dow four-tenths of a percent.  The Nasdaq fell more than 1 percent.  And the S&P was down one-tenth.