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Good afternoon! I am Nan Wisley at CNN Center in Atlanta.
Here is a look at what is happening now in the news.
The argument of whether the economy is in a recession will likely continue. Official members from the commerce department
say the economy grow at the rate of 0.6% in the first quarter of 2008. That is the same rate as the quarter before. So while the economy remain sluggish, it is growing ever so slightly. Another interetst rate cut is expected from the Fed today.Stock prices have been surging this morning in reaction to unrealistic prediction of eighth cut of a quarter of a point. The official word is expected in about an hour and a half.
The US military says the recent killings of three American soldiers in Iraq push the monthly death toll to a seven month high. The death poll for American forces killed in April now ascends 47, that makes it a deadliest month since September. An American military spokesman attributed the increase to a surge in recent fighting, especially in Bagdad surburb city neighbourhood.
The US now has two aircraft carriers in the gulf region. The US says Abraham Lincon arrives there Tuesday. It will replace the US carriers Truman. Defense secretary Robert Gison insisted it not an escalation. He calls the move a reminder to Iran. It comes that Washington continues to accuse Tehran of forting ahead
with efforts to supply weapons and training to militants in Iraq.
A teen from that polygamists' compound in Texas has given birth to a baby boy. Chard Well, Fed official say she is younger
than 18. A spokeman for this sect say she is eighteen and a monogamous marriage to a 22-year-old. The teen also has a 16-month old child. More than 460 children are in state custody.
Those are the headlines of this hour. Stay with CNN for on these stories and other news of the day.