Here's the current situation as reported by the National Hurricane Center (NHC):
Currently Hurricane Bill is located 695 miles Southeast of Cape Hatteras, North Carolina. Bill is traveling 18 MPH and is gradually turning north-northwest. If you live on the coast of New England you should be monitoring the forecast in your area.
Bill has been lowered to a category two hurricane. The maximum sustained winds are currently 110 MPH, though the National Hurricane Center cautions that there could be fluctuations in intensity over the next two days.
Click here for the latest public advisory on Bill.
All information in the above posted was drawn from the National Hurricane Center