AP News Summary at 1:29 p.m. EDT | Nation and World
FBI affidavit shows concern over Trump estate documents
WASHINGTON (AP) — Fourteen of 15 boxes recovered from former President Donald Trump’s Florida estate earlier this year contained documents with classification marks, including at the top secret level. That’s according to an FBI affidavit released Friday explaining the rationale for the search of the property this month. The 32-page affidavit, even in its redacted form, offers the most detailed description yet of government records kept at Trump’s Mar-a-Lago property long after he left the White House. It also reveals the seriousness of the government’s concerns that the documents were there illegally.
Powell: Fed’s inflation fight could lead to ‘pains’ and job losses
JACKSON HOLE, Wyoming (AP) — Federal Reserve Chairman Jerome Powell delivered a clear message Friday: The Fed is determined to fight inflation with bigger interest rate hikes, which will likely cause pain to Americans in the form of a weaker economy and job losses. “These are the unfortunate costs of reducing inflation,” Powell said in a high-profile speech at the Fed’s annual economic symposium in Jackson Hole. “But a failure to restore price stability would mean far greater pain.” Investors were hoping for a signal from Powell that the Fed could soon moderate rate hikes later this year if inflation showed further signs of slowing. But the Fed Chairman indicated that time may not be near.
Fears of radioactive leak grow near Ukrainian nuclear power plant
KYIV, Ukraine (AP) — Authorities have started distributing iodine tablets to residents near Ukraine’s Zaporizhzhia nuclear power plant in the event of a radiation leak, amid growing fears that fighting around the complex could trigger a disaster . The move came a day after the plant was temporarily taken offline due to what officials said was fire damage to a transmission line. The incident heightened fears of a nuclear disaster in a country still haunted by the Chernobyl disaster in 1986.
Britain to see 80% rise in energy bills as crisis deepens
LONDON (AP) — British residents will see an 80% increase in their annual household energy bills. Britain’s energy regulator said on Friday costs would drop from 1,971 pounds a year to 3,549 pounds in October. It follows a record annual peak of 54% in April. The costs are convulsing Britain’s economy, which has the highest inflation rate among the wealthiest Group of Seven democracies and has seen disruptive strikes for months as workers push for wages to keep pace the increasingly expensive cost of living. Charities, public health officials and even energy companies are warning of the catastrophic effects on the poorest people who are already struggling to afford basic necessities.
Secret Service recovers $286 million in stolen pandemic loans
WASHINGTON (AP) — The U.S. Secret Service said Friday it had recovered $286 million in fraudulently obtained pandemic loans and returned the money to the Small Business Administration. An investigation by the Orlando Bureau of the Secret Service revealed that suspected conspirators submitted economic disaster loan applications using forged or stolen jobs and personal information. They then used an online bank to conceal and move their criminal proceeds. The Secret Service worked with the bank to identify approximately 15,000 accounts and seize $286 million linked to the accounts.
Herschel Walker ignores details to oust Raphael Warnock
KENNESAW, Ga. (AP) — Republican Senate candidate from Georgia Herschel Walker has a lot to say about how his Democratic rival, Sen. Raphael Warnock, is doing his job in Washington. But Walker is far less revealing about what he would do with the role itself. Walker calls Warnock a yes for President Joe Biden, but when asked about concrete alternatives to what he calls the “Biden-Warnock agenda,” Walker defaults to generalities or turning the questions around. The broader approach follows the way many challengers – including Warnock two years ago – attempt to put incumbents on the defensive. But Walker’s restitution is testing the limits of that strategy as Democrats accuse him of being unfit for high office.
Student loan relief highlights burden on black borrowers
On average, black borrowers carry a heavier burden of student debt than white borrowers. The disparity reflects a racial wealth gap in the United States – a gap that some supporters say the debt relief plan does not do enough to reduce. One in four black borrowers would see their debt wiped out entirely under the administration’s plan, which forgives $10,000 of federal student loan debt for those with incomes below $125,000 a year or households earning less of $250,000. Wisdom Cole, national director of the NAACP Youth & College Division, said more work needs to be done to make higher education accessible and affordable.
Some cities could be left behind on lead pipe replacements
ST. LOUIS (AP) — A federal infrastructure bill signed into law last year provides $15 billion to help communities find and replace lead water pipes. But many cities don’t know where their lead pipes are. Some states have prepared for the money by doing surveys so they can dig up the pipes quickly when they get it. Others have yet to locate their lead problems. If they delay, cities could lose money. Lead exposure can lower IQ, delay development, and cause behavioral problems in children. There are millions of lead pipes underground, concentrated mostly in the Midwest and Northeast.
Biden calls abortion restrictions ‘out of reach’
WASHINGTON (AP) — President Joe Biden marked Women’s Equality Day by calling restrictions on abortion “out of reach.” He spoke during a Friday meeting with state and local leaders at the White House. Republican-led states have tightened restrictions since the Supreme Court overturned Roe v. Wade, who legalized abortion nationwide, and Democrats are trying to stir up outrage over it in this year’s midterm elections. “You’re going to hear women roar on this issue, and it will have consequences,” Biden said.
NO REAL NEWS: A look at what didn’t happen this week
Social media users shared a series of false claims this week. Here are the facts: Congress did not vote to exempt its members from IRS audits of their personal finances, and fentanyl overdoses are not the leading cause of adult death in the United States. Florida has not banned “To Kill a Mockingbird,” or a number of other popular titles on a widely held “banned books list,” from being taught in its schools. And one blog’s miscalculation inflated the miscarriage rate among participants in Pfizer’s COVID-19 vaccine trial.
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