The Lead: Texas Republican Sen. Ted Cruz officially announced he’s running for president this morning at Liberty University in Lynchburg, Virginia, the Christian college founded by the Rev. Jerry Falwell. “It is the time for truth. It is the time …

 Diving Dow: The Dow Jones is slightly down again this morning after a 353-point drop yesterday. A kneejerk selloff followed the Fed announcement that it will start raising interest rates later this year. That made for a 556-point dive in …