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Stocks come back...Deficit warning...Red carpet hero

By The Associated Press | Posted - Aug. 25, 2015 at 8:51 a.m.



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NEW YORK (AP) — Some of yesterday's losses on Wall Street have been erased this morning, as stocks claw their way back. Yesterday's selloff that saw the Dow industrials lose nearly 600 points marked the third straight day of declines for the market. Today's rebound comes after China's central bank cut its key interest rate. Investors are also welcoming the news that U.S. consumer confidence rebounded this month. And a separate report shows that sales of new U.S. homes bounced back in July.

WASHINGTON (AP) — The numbers-crunchers in Congress say this year's federal budget deficit will drop to $426 billion. That's the lowest shortfall since President Barack Obama took office. But in the annual summertime update, the nonpartisan Congressional Budget Office warns that without action by lawmakers, annual federal deficits will surge upward again later this decade, and spike back above $1 trillion in 2025.

BRUSSELS (AP) — Investigators have searched two buildings in Brussels where the gunman accused of attacking a high-speed rail train may have stayed. Prosecutors say no one has been detained or questioned there. The suspect is believed to have boarded the Amsterdam-to-Paris train on Friday at a Brussels station. He was tackled and tied up by a group of three American friends and a British businessman. Another man who tried to stop him — a French-American named Mark Moogalian — remains hospitalized with a gunshot wound.

PARIS (AP) — A few days ago, Anthony Sadler was just a regular 23-year-old U.S. college student traveling through Europe on the last summer days before school. But after helping to thwart a gun attack on a Paris-bound train on Friday with two friends, the Sacramento State University student has become an overnight celebrity, even stepping out on the red carpet for the Paris premiere of the new box office hit "Straight Outta Compton." Sadler says, "I feel like I'm in a dream. This is unreal."

CINCINNATI (AP) — An Ohio zoo that has the last Sumatran rhino in the United States will send the endangered species to Southeast Asia on a mission to mate. Conservation experts at the Cincinnati Zoo say 8-year-old Harapan (HAYR'-uh-pan) will soon be on his way to Indonesia, where nearly all of the estimated 100 remaining Sumatran rhinos live. A zoo official says it's a "huge loss" for the zoo, but that the rhino might be able to contribute to the survival of his species.

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The Associated Press

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