Doug Kriziner

The Secret Service has identified the gunman who opened fire outside the White House yesterday as 21-year-old Nazir Best.

They have yet to determine a cause for this shooting.

Now, last July, Best was arrested for walking into a restricted area on White House grounds, and he had been known to the Secret Service for walking around the complex and asking how to gain access.

Incidentally, a bystander was also injured in that crossfire.

Inflation will be in focus in the coming week.

Bloomberg's Karen Moscow has a look at the economic calendar.

And that is news when you want it.

With Bloomberg News Now, I'm Doug Kriziner, and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

The U.S.

and Iran are closing in on a deal to reopen the Strait of Hormuz.

U.S.

officials say the two sides are addressing the precise language on key issues, and they say a deal with Iran will not be signed today, citing Iran's frustratingly slow system.

Today, in a post on social media, Trump said the U.S.

will not be rushed and that both sides must take their time to get it right.

U.S.

Secretary of State Marco Rubio is optimistic.

Now, in these talks, Iran has been pushing for a toll system in the Strait of Hormuz, and that has been a source of friction with the U.S.

Here is Bloomberg's Jumana Persechi.