calls grow within the

within the Democratic Party for President Biden to rethink his re-election bid.

Plus Federal Reserve Chair Jerome Powell cites progress on inflation, raising hopes of future rate cuts,

and as Gaza descends into chaos, lawlessness takes hold.

The situation has become so desperate, the humanitarian crisis is so bad that people

have been pushed to the brink to survive, that there's an uptick in crime and less

infrastructure to deal with that.

It's Wednesday, July 3rd, I'm Luke Vargas for the Wall Street Journal, and here is the AM edition

of What's News?

The top headlines and business stories moving your world today.

We begin with the race for the White House, amid signs the Democratic unity following President

Biden's debate performance is showing signs of

cracking, leading a handful of lawmakers to warn their party could be heading for

defeat if Biden stays on the ticket. 15-term Texas Representative Lloyd Doggett yesterday became the first Democrat in Congress to publicly call

on Biden to withdraw from the race, saying the prospect of a Trump victory made it too risky

to assume that Biden could turn around his performance. In response to Doggett's statement,

a Biden campaign spokesman said the president, quote quote is absolutely not dropping out.

Other Democrats however have also spoken out to express worries about Biden's age and abilities,

including former House Speaker Nancy Pelosi, while Maine Representative

Jared Golden and Washington's Marie Glusen-Camperes predicted that Biden's debate

performance solidified Trump's path to victory. Those comments came as

Biden's team stepped up efforts to calm panic donors and lawmakers announcing

...