Husband Arrested for Murder of Colorado Mom and Kids.
ROMANS: All right. The president's economic adviser Larry Kudlow is psyched about the U.S. economy.</s>LARRY KUDLOW, WHITE HOUSE ECONOMIC ADVISER: Our economy, our investors, our workforce are crushing it right now. We are crushing it. And people say this is not sustainable, it's a one-quarter blip, is just nonsense. Absolute -- any business economist worth his or her salt will look at these trends and tell you we're going for a while.</s>ROMANS: Really excited about what he's seeing these numbers. Kudlow is right that the economy is strong, supercharged by big government spending and lower, super lower taxes. But is that going to be more of a sugar rush than a permanent fix? That's the concern. Just look at the second quarter. The U.S. economy grew an impressive 4.1 percent. The recent tax cuts boosted spending and investment. And the living threat, though, of tariffs prompted a rush in exports. Particularly soybeans. So that was kind of a sugar rush in that number. Economists expect both to slow -- slowing down growth for the rest of the year. Here is what the CBO says. The CBO is not as optimistic as Larry Kudlow about the future. It predicts the U.S. economy will grow 3.1 percent this year. That is fine and dandy, But look, that slows 2.4 percent next year and then 1.7 percent, that's an annual growth rate by the year 2020. By then the effects of tax cuts will have faded and higher interest rates could cut into consumer spending leaving the U.S. to face climbing deficits and a national debt of more than $21 trillion.</s>NOBLES: The breaking news tonight out of Phoenix. That's where a police officer is in critical condition at this hour after he was shot last night. According to police, a man in a parked vehicle in North Phoenix fired at the officer twice. He returned fire. The officer and the suspect are both in critical condition. The officer who is not being identified has been with the department for about a year. We'll bring you more information when it becomes available.</s>ROMANS: A grim end to the search for a pregnant Colorado mom and her two children. Shanann Watts' body discovered on property owned by her husband's former employer. The remains of her 3- and 4-year old daughters, Bella and Celeste, found nearby. Shanann's husband accused of killing all three of them. We get more this morning from CNN's Paul Vercammen.</s>PAUL VERCAMMEN, CNN CORRESPONDENT: Christine, Ryan, that husband, Chris Watts, walked into court in an orange jumpsuit and reading glasses, his expression blank. This is the same man who earlier in the week had pleaded for the return of his wife, 15 weeks pregnant, and their two little girls. During that interview he had also said, when asked about a possible confrontation, that they had an emotional conversation. Authorities are saying very little about his arrest on suspicion of three counts of murder. But who is sounding off? The victim's brother. He said in a social media post, "I just want 30 seconds alone with this heartless psychopath," and went on to say, "May Satan have mercy on his soul." He has not been formally charged. Chris Watts will be back in court on Tuesday and prosecutors have until Monday to bring charges against him. Back to you now, Christine, Ryan.</s>NOBLES: All right. Paul, thank you. The Vatican says it unequivocally condemns the sexual abuse of minors. Pressure had been building on the Pope to address a grand jury report describing the crimes of 300 predator priests in Pennsylvania. The Vatican says the church must learn hard lessons and adding, "The abuses described in the report are criminal and morally reprehensible. Those acts were betrayals of trust that robbed survivors of their dignity and their faith." Pennsylvania's attorney general says he appreciates the remorse expressed on behalf of the Pope. He says he hopes the church will embrace the grand jury's recommendations, including eliminating the criminal statute of limitations for sexually abusing children.</s>ROMANS: A Salvadoran woman has filed a federal lawsuit seeking to be reunited with her infant daughter who needs to be breastfed. Leydi Duenas-Claros also wants the government to reconsider her denied asylum claim. In May, she came to the U.S. with her then 11-month- old. They were separated after she and the girl crossed the border. Duenas-Claros was set to be deported Thursday but the proceedings were postponed. Meantime, a California federal judge has temporarily halted deportation of families that have been reunited so the children can have parental assistance on their asylum claims.</s>NOBLES: Al Qaeda's master bombmaker may be dead according to a U.N. team that tracks terrorist groups. Ibrahim al-Asiri, long regarded as one of the most dangerous terrorist operatives alive may have been killed in Yemen last year. He was behind the so-called Underwear Bomber attempt to blow up an airliner over Detroit on Christmas Day in 2009. The U.N. report gave no indication of how al-Asiri died or who may be responsible. The U.S. military and CIA, along with Saudi Arabia and the United Arab Emirates have conducted counterterrorism strikes to root out al Qaeda and other terrorists in Yemen.</s>ROMANS: An alarming report from the Pentagon reveals China is actively developing its fleet of long-range bombers and is likely training its pilots for missions targeting the U.S. The report also says that China is pursuing a nuclear capability on its long-range bombers. The deployment would for the first time provide China with nuclear delivery systems across land, sea, and air. The report goes on to say China is looking to build additional military bases in countries it is both friendly with and that share its strategic interests.</s>NOBLES: Well, this sounds pretty good. Med school for free?</s>ROMANS: Wow.</s>NOBLES: One prominent school making that a reality. We'll tell you why when we come back.</s>ROMANS: We got to get in.