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WASHINGTON (AP) — A Federal Reserve official says until the recent turbulence in financial markets, there was a "pretty strong case" for starting to raise interest rates in September. Vice Chairman Stanley Fischer says the Fed will be watching how events unfold following the surprise announcement by the Chinese that they plan to devalue their currency. Officials will also pay close attention to next week's jobs report. Stocks are drifting between small gains and losses today as Wall Street closes out a volatile week.
WASHINGTON (AP) — A federal appeals court has ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans. The U.S. Court of Appeals for the District of Columbia Circuit reversed a lower court ruling that said the program likely violates the Constitution's ban on unreasonable searches. But the impact of the appeals court's ruling is uncertain because Congress has passed legislation designed to replace the program over the next few months.
ST. PETERSBURG, Fla. (AP) — Florida could be in line for a visit from Tropical Storm Erika. The latest forecast from the National Hurricane Center has the storm hitting the state's Gulf Coast on Monday and moving north of Tampa. But there's uncertainty about the track, which could change when the storm hits the mountains of Hispaniola. Meanwhile, officials on the eastern Caribbean island of Dominica say additional bodies have been recovered from mudslide areas. Previously, officials had said four people had died and about 20 were missing.
NEW ORLEANS (AP) — George W. Bush says today is a day to celebrate the resurgence of New Orleans schools. The former president attended a ceremony today at a charter high school to mark the 10th anniversary of Hurricane Katrina. Most of the city's schools were taken over by the state after the devastating 2005 hurricane. Now almost all the city's schools are charter schools.
NEW YORK (AP) — An Army chaplain has won a national prize for an original sermon he'll be delivering on Sept. 11 in New York City. The Rev. David Peters, of Austin, Texas, will give his winning sermon during a special service at St. Paul's Chapel, directly across from the World Trade Center. The former Marine says he entered the inaugural Reconciliation Preaching Prize contest because he realized how 9/11 has shaped his life. The Episcopal parish hopes to offer the contest every year. It's open to people of all faiths.
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