In our news wrap Wednesday, Republican House leaders talked of breaking a stalemate on "Dreamers," and votes on two bills are planned for next week. Also, three ships carrying hundreds of migrants faced worsening weather in the Mediterranean, as a diplomatic storm brewed over their fate.
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President Trump’s summit with Kim Jong Un may be history, but debate about the deal they signed is far from over.
The president today dismissed doubters and proclaimed North Korean nuclear menace is over. Instead, he insisted — quote — “Our country’s biggest enemy is the fake news.”
We will have a full report after the news summary.
Republican leaders in the U.S. House talked today of breaking a stalemate on dreamers, those immigrants brought into the U.S. without documents as children. Votes on two bills are planned for next week. One, backed by Tea Party conservatives, offers legal status, but not citizenship. The other could offer a path to citizenship with conditions.
It’s supported by GOP moderates and by Speaker Paul Ryan.
Rep. Paul Ryan, R-Wis.:
This is an effort to bring our caucus together, our conference together on immigration. I’m very pleased with our members. What happened was our members got together, spoke with one another, and compromised with each other so that we could find a way forward. And so now what we have is an actual chance at making law and solving this problem.
Democrats criticized Ryan’s handling of the issue. California Representative Linda Sanchez says he should have brought bipartisan legislation to the floor by now.
Rep. Linda Sanchez, D-Calif.:
He has been the sole impediment. so the blame lies squarely there. Are we disappointed that there weren’t a handful of Republican members that couldn’t just dig deep and find the intestinal fortitude, as we say in Spanish, los cojones, to stand up to their leadership? Yes, I’m disappointed.
But I’m more disappointed that the speaker puts his party above this country.
For now, it’s unclear if any bill will get win passage in the House.
In the Mediterranean, three ships carrying hundreds of migrants faced worsening weather, as a diplomatic storm brewed over their fate. The 629 migrants have been stranded. Italy refused to accept them. On Sunday, Spain finally offered safe harbor, but now rough seas are setting in. France blames Italy for not taking the migrants initially, but the Italians today accused Paris of turning away thousands of people.
Back in this country, the Federal Reserve raised short-term interest rates for the second time this year. Policy makers also said that they now expect a total of four rate hikes this year, instead of three, in order to keep inflation in check.
Fed Chair Jerome Powell said the ongoing economic recovery justifies today’s actions.
The decision you see today is another sign that the U.S. economy is in great shape.
For many years, we had interest rates held low to support economic activity. And it’s been clear that, as we have gotten closer to our statutory goals, we should normalize policy. And that’s really what we have been consistently doing for some years now.
The Federal Reserve’s latest forecast envisions stronger growth and lower unemployment over the next two years.
Comcast today offered $65 billion in cash for entertainment giant 21st Century Fox. The bid sets up a battle with Disney, which already offered $52 billion in stock for FOX. Just yesterday, a federal judge approved AT&T’s takeover of Time Warner.
On Wall Street, stocks dropped after the latest interest rate increase. The Dow Jones industrial average lost 119 points to close at 25201. The Nasdaq fell eight and the S&P 500 slipped 11.
And the World Cup is returning North America for the first time since 1994. Soccer’s international governing body, FIFA, announced today that the U.S., Mexico and Canada will host the tournament in 2026. It’s the first time that three nations have jointly won the rights. The 2018 World Cup begins tomorrow in Russia.
Still to come on the “NewsHour,” what’s in the deal President Trump made with North Korean leader Kim Jong-un; the deepening crisis in Yemen, a push to take back rebel strongholds; winners in last night’s primaries, women and Trump supporters; plus much more.