It's MORNING EDITION from NPR News. I'm Lynn Neary. Renee Montagne is on assignment.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep, good morning.
Lorain County, Ohio is a fading industrial community outside of Cleveland, and it's suddenly in the spotlight. President Obama campaigned there on Tuesday. Mitt Romney followed with a speech there yesterday.
As NPR's Ari Shapiro reports, Romney is chasing the president to accuse him of failing to live up to his campaign promises.
The Florida judge in the case of George Zimmerman, who shot and killed teenager Trayvon Martin in February, set bail this morning of $150,000. Zimmerman took the stand during the hearing and told Martin's parents that he was sorry for the loss of their son. Zimmerman is charged with second-degree murder, but he claims self-defense. Cable TV news channels carried the bail hearing live.
Some other news. The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial reform bill passed a couple of years ago. It restricts American banks from making trades that put the bank and depositor funds at risk.
But as NPR's Yuki Noguchi reports, regulators are struggling to iron out the details.