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Good afternoon from the CNN Center in Atlanta, I'm Reggie Aqui. Here's a look at what's happening NOW IN THE NEWS.
Democratic Senator Barack Obama has 52 million reasons to love the month of June. His campaign officials say that's how much he raised just last month with his average donation only 68 bucks. It's more than double the amount Obama raised in May. Republican Senator John McCain's campaign raised about 22 million in June, the best fundraising month yet for them. McCain will receive 85 million dollars in public financing in September for use through Election Day. Obama's campaign reversed course last month, saying it would not accept public financing and raise and spend its own money instead.
No changes at the gas pump. AAA is reporting the national average price for a gallon of regular unleaded is holding at $4. 11, which is the previous day's record price. Alaska has the most expensive gas; they are averaging about ($)4. 62 a gallon. If you look for the cheapest gas, you have to go to the Show-Me State, Missouri, ($)3. 94 a gallon there.
The FBI is reportedly investigating IndyMac Bancorp for possible mortgage fraud. A CNN source says agents are looking at whether IndyMac provided false information to give loans to risky borrowers. The FBI is not confirming it's looking at IndyMac, but it did say it's investigating 21 lending companies. IndyMac is the California bank taken over by the federal government last week.
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