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[h=4]5 things you need to know Wednesday[/h]The biggest news to start your morning.
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Republican presidential candidates Donald Trump and Wisconsin Gov. Scott Walker participate in the first prime-time presidential debate.(Photo: Scott Olson, Getty Images)
1. CNN hosts GOP<span style="color: Red;">*</span>debate at Reagan Library
Eleven presidential hopefuls<span style="color: Red;">*</span>—<span style="color: Red;">*</span>including Donald Trump, Ben Carson, Carly Fiorina and<span style="color: Red;">*</span>Jeb Bush —<span style="color: Red;">*</span>will vie for the Republican nomination during CNN's<span style="color: Red;">*</span>prime-time debate Wednesday.<span style="color: Red;">*</span>Trump, the Republican front-runner, faces opposition from Carson, the only candidate to<span style="color: Red;">*</span>gain<span style="color: Red;">*</span>on Trump in a recent poll.<span style="color: Red;">*</span>Along with Fiorina, the self-proclaimed outsiders will cast their lack of government experience as assets. The more established Republicans — candidates such as Bush, John Kasich and Scott Walker — plan to counter Trump and other outsiders by trumpeting their experience and records in public office.<span style="color: Red;">*</span>Jake Tapper, host of CNN’s<span style="color: Red;">*</span>State of the Union, will moderate. You can watch this debate, and an earlier debate with the rest of the GOP field, on CNN and online.
2. Fed meets<span style="color: Red;">*</span>to consider first rate hike in a decade
Tensions are high going into Wednesday's<span style="color: Red;">*</span>Federal Reserve meeting. Economists are divided on whether the central bank will raise its benchmark interest rate for the first time in a nearly a decade. Supporting<span style="color: Red;">*</span>the case for Fed action is a 5.1% unemployment rate that's already below the Fed's year-end forecast. But some say the recent market selloff has lessened the Fed's need to act, reducing job growth by about 500,000 and pushing up the unemployment rate by 0.2 percentage points over the next 18 months. Others worry that the<span style="color: Red;">*</span>Fed hasn’t hiked rates in nearly a decade<span style="color: Red;">*</span>and has kept short-term rates near 0% for so long that investors and markets have become addicted to<span style="color: Red;">*</span>so-called cheap money.
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USA TODAY contributor Jeff Reeves discusses what the up coming federal rates change means to investors. USA TODAY
3. iOS 9 update now available for Apple users
Apple product users rejoice —<span style="color: Red;">*</span>the<span style="color: Red;">*</span>iOS 9 update should take less space and download time<span style="color: Red;">*</span>when it releases Wednesday. Apple said iOS 9 needs about 1.4 gigabytes of space, down from 4.6 GB from the previous update. It includes a battery-saving low-power mode, a six-digit passcode, multi-tasking for the iPad Air 2, a<span style="color: Red;">*</span>News app and<span style="color: Red;">*</span>smarter Siri searches. It also includes<span style="color: Red;">*</span>tools for developers that can block mobile Web ads, which could threaten publishers' ad revenue.<span style="color: Red;">*</span>The update<span style="color: Red;">*</span>is is compatible with older version of the iPhone, starting with the 4s.
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Apple's new IOS upgrade promises lower space requirements to download, and better battery performance.
Jefferson Graham previews. Sean Fujiwara
4. Pot gets a tax holiday in Colorado
Recreational marijuana will be tax-free in Colorado on Wednesday due to a loophole in the state’s Taxpayer’s Bill of Rights. Overall, tax collections in Colorado exceeded projections for this year, which caused the<span style="color: Red;">*</span>one-day tax waiver. The quirk in the state’s tax law means that the 10% sales levy and the 15% excise tariff will not be collected. The break is expected to shave $20 off the price of a midgrade ounce of pot in the Denver area, where ounces have been selling for about $200 before tax.<span style="color: Red;">*</span>State officials said it could cost the state $3 million to $4 million.
5. Execution expected for<span style="color: Red;">*</span>Oklahoma inmate<span style="color: Red;">*</span>
Death row inmate Richard Glossip faces execution Wednesday in Oklahoma for masterminding a murder at a motel in 1997. It's the fourth time a date has been set for his death. The state halted executions in January after controversial results using a three-drug lethal injection protocol. Critics questioned whether the method rendered prisoners completely unconscious and<span style="color: Red;">*</span>incapable of feeling pain. In June, the Supreme Court ruled 5-4 that<span style="color: Red;">*</span>Oklahoma can use the sedative midazolam as part of the injection method, putting executions including Glossip’s and Oklahoma prisoners John Grand and Benjamin Cole back on schedule.
Richard Glossip is scheduled to die by lethal injection Wednesday for the 1997 murder of his boss, Barry Van Treese.<span style="color: Red;">*</span>(Photo: AP)
And, the essentials:
Weather:<span style="color: Red;">*</span>On Tuesday,<span style="color: Red;">*</span>rain covers the West Coast, while the sun shines in the East.
Stocks: World<span style="color: Red;">*</span>stock markets were<span style="color: Red;">*</span>higher Wednesday, as investor optimism mounted ahead of a Federal Reserve decision on whether to raise interest rates.
TV tonight:<span style="color: Red;">*</span>Wondering<span style="color: Red;">*</span>what to watch tonight? TV critic Robert Bianco looks at<span style="color: Red;">*</span>America's Got Talent<span style="color: Red;">*</span><span style="color: Red;">*</span>and<span style="color: Red;">*</span>The Middle.
If you missed Tuesday's news, we've got you covered<span style="color: Red;">*</span>here.
Need a break? Try<span style="color: Red;">*</span>playing some<span style="color: Red;">*</span>of our games.
You can also<span style="color: Red;">*</span>subscribe<span style="color: Red;">*</span>to get the day's top news each weekday in your inbox or find us on the Yo! app:<span style="color: Red;">*</span>justyo.co/usatoday.
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