10 things to know for Friday

[June 08, 2012]   (AP) -- Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (times EDT):

1. FEDS STOP ISSUING WEAPONS TO LAW ENFORCEMENT

The Pentagon halts the $2.6 billion program until it is satisfied that state officials can account for all the surplus guns, aircraft, Humvees and armored personnel carriers it has given police, the AP has learned.

2. CAMPAIGN 2012 SHAPING UP AS MOST EXPENSIVE EVER

President Obama and Republican rival Mitt Romney are on an unprecedented fundraising binge that shows no sign of ending.

3. PEEKING INTO THE FUTURE OF AUTO SAFETY

The government this summer is launching a real world test of systems that allow cars to "talk" to each other and avoid accidents. Experts say such cars are the next big step toward the ultimate safety system -- cars that drive themselves.

4. WHAT'S MOVING THE MARKET TODAY

At 8:30 a.m., the federal government reports on the U.S. trade deficit for April and at 10 a.m., it reports how much wholesalers adjusted their stockpiles for the same month.

5. CONTIGENCY IN PLACE FOR OIL FLOW

A detour from an Emirati port on the Indian Ocean will soon become a vital new exit route for Arabian crude oil to world markets, circumventing any kind of chokehold Iran may implement.

6. PHILIPPINES LEADER VISITS THE WHITE HOUSE

At 2 p.m., Benigno Aquino III seeks U.S. assurance on defense as he visits with Obama.

7. NO CONCRETE PLAN FOR FLOATING DEBRIS

More than a year after a tsunami devastated Japan and washed millions of tons of debris into the Pacific, the U.S. government and West Coast states don't have a cohesive strategy for cleaning up the rubble that floats to American shores.

8. HANNIBAL MORE THAN WHERE MARK TWAIN SLEPT

A growing number of artists, many of national and international repute, are calling this small Missouri town home.

9. NOW HEAT IS ON CELTICS

LeBron James scores 45 points and Miami averts elimination, defeating Boston 98-79 and forcing a decisive Game 7 in the Eastern Conference finals.

10. THIS POE TELLS LONG TALE

Timothy Michael Poe, who has won over the crowd and the judges of NBC's "America's Got Talent," has been embellishing his military record, Minnesota Army National Guard officials say.

[Associated Press]

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