President: President Obama meets with Federal Reserve Chairwoman Janet Yellen to discuss nation’s economic outlook short and long term. POTUS and Yellen talked about the state of the labor market, inequality & potential risks of the economy, strengthen financial systems and protect consumers, and of ways to expand economic growth within the U.S. middle class.
Economy: Goldman Sachs in an agreement is expected to pay $5 billion for its role in 2008 finical crisis in misleading mortgage bond investors according to the U.S. Department of Justice. “This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” stated Stuart Delery acting associate attorney general.
Elected officials: Secretary of State John F. Kerry along with of there G-7 members visit Hiroshima Peace Memorial Museum where U.S. dropped its first atomic bomb in World War II. Kerry said, “Going through this museum was a reminder of the depth of obligation that every single one of us in public life carries in fact, every person in position of responsibility carries to work for peace”.
U.S.: Edward C. Lin former U.S. Navy lieutenant has been accused of espionage passing secrets on to China and Taiwan. Lin has now been in custody for the last past eight months; past Friday preliminary hearing made story headlines. According to Naval investigators, there is enough evidence to bring charges against him and determine exactly what information and to whom.
Science/Tech/Health: U.S. Public health officials predict the impact of Zika virus may be greater than anticipated on U.S. soil. The Zika virus can be transmitted through mosquitos that affect women during their pregnancy. CDC has asked Congress for $1.9 billion to fight Zika, but only a fraction has been given, CDC has given Puerto Rico $3.9 million in emergency funding to fight Zika. There are currently 346 U.S. cases of the virus that were brought from abroad travels.