Today’s Headlines: President Biden is attending the G-7 summit in Italy, where discussions will focus on using $300 billion of seized Russian assets to fund the Ukraine war and implementing new sanctions against Russia. Biden will also meet with Ukrainian President Volodymyr Zelenskyy to sign a new security agreement, pledging long-term support for Ukraine's defense alongside commitments from 15 other countries. House Republicans have voted to hold Attorney General Merrick Garland in contempt of Congress for refusing to release audio recordings of President Biden's interviews, despite having transcripts, with Garland defending the decision as lacking a legitimate legislative purpose. The FBI reported significant crime reductions in the first quarter of 2024, with decreases in murder, rape, robbery, aggravated assault, and property crime, attributing this to targeted law enforcement efforts. Meanwhile, a hijacking incident in Atlanta highlighted issues with Georgia's permitless carry law, as the gunman, a felon with a history of mental health issues, legally accessed a firearm. And finally, the Federal Reserve announced that interest rates will remain unchanged, with one rate cut expected by the end of the year and higher long-term rates anticipated and the latest inflation report shows a 3.3% increase in CPI over the past year, slightly down from April's 3.4%, aiming for a 2% target rate.

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Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson

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