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Millions of student loan balances could rise

Millions of student loan balances could rise

CNN5 days ago
Millions of student loan balances could rise
Nearly 8 million borrowers could see their student loan balances begin increasing on August 1, as interest begins accruing again under the SAVE plan. CNN's Sunlen Serfaty breaks down what you need to know.
01:07 - Source: CNN
Jury finds James Craig guilty of first-degree murder
A jury has found Colorado dentist James Craig guilty of all charges in the March 2023 death of his wife Angela, including murder in the first degree. He now faces life in prison without the possibility of parole.
02:38 - Source: CNN
How an earthquake causes a tsunami
A massive 8.8 magnitude earthquake that struck off Russia's east coast is tied for the sixth strongest ever recorded. Tsunami warnings were issued across the Pacific. CNN Meteorologist Chris Warren explains how an earthquake turns into a tsunami.
01:16 - Source: CNN
Police release new images of the gun used in the Midtown Manhattan shooting
Photos released by the New York City Police Department show the assault-style rifle 27-year-old Shane Devon Tamura used to fatally shoot four people – including a police officer – and wound one before killing himself in Midtown Manhattan.
00:52 - Source: CNN
8.8 magnitude earthquake has effects across the globe
An 8.8 magnitude earthquake in Russia's Far East raised tsunami alerts in Japan, Alaska, Hawaii and along the US West Coast. The tsunami warning for the state of Hawaii has been downgraded to an advisory. Authorities continue to monitor conditions and urge returning residents to remain vigilant. This quake is tied for the sixth strongest ever recorded.
00:39 - Source: CNN
Tsunami warnings triggered after major earthquake
The strongest earthquake on the planet since 2011 has triggered tsunami warnings for parts of Russia, Japan, and Alaska, as well as all of Hawaii. CNN's Will Ripley reports on the 8.8-magnitude quake.
00:41 - Source: CNN
Delta announces generative AI ticketing
CNN Business editor-at-large Richard Quest breaks down Delta's announcement that the airline will deploy large-scale, advanced artificial intelligence towards ticket pricing — and what that means for the price of your next flight.
01:31 - Source: CNN
Therapist treating Epstein victims says Trump's language 'dehumanizes'
CNN's John Berman speaks with Randee Kogan, a therapist for victims of Jeffrey Epstein, about President Donald Trump saying Epstein "stole people that worked for me" and possibly pardoning Epstein accomplice Ghislaine Maxwell.
01:12 - Source: CNN
Ghislaine Maxwell's attorneys lay out conditions to be met before she gives testimony to Congress
Jeffrey Epstein accomplice Ghislaine Maxwell has offered to testify before Congress, but with major conditions, including immunity. CNN's Kaitlan Collins breaks down the list of demands sent to the House Oversight Committee by her attorneys.
01:20 - Source: CNN
Trump and Netanyahu spar over starvation claims
President Trump told reporters that the imagery out of Gaza was 'real starvation' and that 'you can't fake that' in a rare rebuke of Israeli Prime Minister Benjamin Netanyahu who claimed over the weekend that there is 'no starvation in Gaza.' A recent UN-backed agency alert, meanwhile, warned that the 'worst-case scenario of famine' is unfolding in Gaza.
01:12 - Source: CNN
Bystanders confront man after 11 injured in Walmart stabbing
A 42-year-old suspect was taken into custody after deputies responded to a stabbing at a Walmart in Traverse City, Michigan, on Saturday, Grand Traverse County Sheriff Michael Shea said. Seven of the eleven victims are in fair condition and four are in serious condition as of Sunday morning, according to Munson Healthcare.
01:05 - Source: CNN
Video shows passengers evacuating plane onto runway
More than 150 passengers on an American Airlines flight departing from Denver International Airport were evacuated onto the runway after a 'possible landing gear incident' left one person injured and sparked a fire, according to the Federal Aviation Administration.
00:46 - Source: CNN
Friend describes pastor's ICE detention
CNN's Victor Blackwell speaks to the family friend of a detained pastor, Daniel Fuentes Espinal. Espinal, who fled Honduras 24 years ago to escape poverty and violence, is waiting to hear when he will face an immigration judge after his arrest this week by Immigration and Customs Enforcement.
01:55 - Source: CNN
Farmworkers in constant fear amid ICE raids
Facing constant threats of deportation, undocumented farmworkers in California must decide whether to show up to work the busy harvest season or stay safe from ICE. CNN's Julia Vargas Jones heads to Ventura County where she speaks to worried farmers and their increasingly fearful laborers.
02:13 - Source: CNN
Trump rails against windmills again
President Donald Trump urged European leaders to 'stop the windmills' when reporters asked him questions at the airport in Glasgow, Scotland. This isn't the first time in recent memory that the president has directed his ire at the renewable energy source.
01:00 - Source: CNN
Investigators share details of how hard Xana Kernodle fought Kohberger
CNN's Jean Casarez asked two top law enforcement officials in Moscow, Idaho about Xana Kernodle's fight against Bryan Kohberger, with over 50 reported stab wounds. Officials shared that Kernodle, who was up at the time, "fought hard" for her life as Kohberger attacked her.
00:49 - Source: CNN
Investigators reveal findings from Kohberger's phone
CNN's Jean Casarez sat down with Idaho State Police lead investigator on the Bryan Kohberger case, Lt. Darren Gilbertson, who shared details about what was found on Kohberger's phone during the investigation. Gilbertson sheds light on the Kohberger investigation, including how police found screenshots and pictures of news coverage of the attack on Kohberger's phone.
02:07 - Source: CNN
Why are Thailand and Cambodia fighting?
Tensions are rising between Thailand and Cambodia over a border dispute that dates back to 1907. CNN's Will Ripley explains how the conflict has escalated.
01:32 - Source: CNN
CNN reports from Gaza aid crossing
CNN's Nic Robertson is on the scene at the Kerem Shalom border crossing as aid agencies warn of rampant hunger caused by Israel's blockade of Gaza. Gaza's health ministry said on Tuesday that 900,000 children are going hungry, and 70,000 already show signs of malnutrition. Israel denies it is at fault and accuses Hamas of 'engineering' food shortages.
01:39 - Source: CNN
Almost 50 missing as plane crashes in Russia
Dozens of civilians are feared dead, including children, after a Soviet era passenger jet crashed in Russia's far east Amur Region. Burning wreckage was discovered by rescuers just 10 miles (16 kilometers) from the Tynda airport, the plane's destination.
00:30 - Source: CNN
Erin Burnett on the significance of Trump knowing he's in the Epstein files
CNN's Erin Burnett explains how reports that President Trump was briefed that he is named in the Epstein files shine a light on his recent denials of that exact claim.
02:13 - Source: CNN
Judge declines to release Epstein grand jury documents
A Florida federal judge declined to release additional grand jury documents from the criminal investigation into Jeffrey Epstein, marking the first roadblock in the Justice Department's efforts to quell the public backlash over the handling of the case. CNN's Evan Perez reports.
02:43 - Source: CNN
Bryan Kohberger sentenced to life in prison
Bryan Kohberger has been sentenced to life in prison without parole for the murders of four University of Idaho students.
01:29 - Source: CNN
Fans pay tribute to Ozzy Osbourne
Fans have gathered in Ozzy Osbourne's hometown to pay tribute to the former Black Sabbath singer, who died yesterday at the age of 76. One of them told CNN's Salma Abdelaziz that Osbourne will 'live on forever in his music.'
01:07 - Source: CNN
Hot Chinese brands are coming to America
Chinese brands like Luckin Coffee, Pop Mart, and HEYTEA are expanding in the United States, despite the ongoing trade war. CNN's Vanessa Yurkevich and Marc Stewart report from two different continents on why the companies covet American customers.
02:10 - Source: CNN
Metal legend Ozzy Osbourne dies at 76-years-old
Ozzy Osbourne, the hellraising frontman of Black Sabbath and reality TV star, has died aged 76. CNN's Stephanie Elam looks back at the legendary career as the Godfather of Heavy Metal.
03:05 - Source: CNN
Newly uncovered photos show Jeffrey Epstein attended Trump's wedding in 1993
Photos from Trump's 1993 wedding and video footage from 1999 Victoria's Secret fashion show shed light on Trump-Epstein relationship. CNN's Andrew Kaczynski has the story.
01:31 - Source: CNN
Missing child case from 46 years ago reopened
A federal appeals court overturned the verdict of Pedro Hernandez, the bodega worker who was found guilty in 2017 of kidnapping and murdering Etan Patz in 1979. Patz was 6 years old when he disappeared on the first day he was allowed to walk alone to his school bus stop in New York City.
01:50 - Source: CNN
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Social Security phasing out paper checks as Trump pushes payment overhaul
Social Security phasing out paper checks as Trump pushes payment overhaul

New York Post

time21 minutes ago

  • New York Post

Social Security phasing out paper checks as Trump pushes payment overhaul

The Trump administration's effort to modernize federal payment systems is coming to Social Security, which will start phasing out paper Social Security checks. The Social Security Administration (SSA) announced in mid-July that it would no longer issue paper checks starting on Sept. 30. Advertisement The agency noted in a blog post announcing the move that electronic funds transfers (EFTs) get payments to beneficiaries faster than paper checks, while also providing increased security against fraud and saving the federal government millions of dollars annually – as paper checks cost about 50 cents each to issue while EFTs are less than 15 cents. While the SSA is looking to transition as many beneficiaries as possible to direct deposit or a prepaid debit card designed for federal benefit payments, known as the Direct Express card, the agency does plan to continue issuing paper checks under some limited circumstances. Most Social Security beneficiaries have already transitioned away from paper checks, though the SSA says it's working to notify those who are receiving paper checks about the upcoming changes and how to prepare. 3 The SSA said that they will no longer issue paper checks starting on Sept. 30. MargJohnsonVA – Advertisement 'Less than one percent of Social Security Administration currently receive paper checks. SSA is proactively contacting those beneficiaries to alert them about the change and the process to enroll in direct deposit or receive Direct Express cards. Where a beneficiary has no other means to receive payment, we will continue to issue paper checks,' a Social Security spokesperson told FOX Business. At the time of the agency's announcement in July, the SSA said that in addition to reaching out to beneficiaries receiving paper checks directly, it will include an insert with all benefit checks that explains how a beneficiary can transition to electronic payments with the assistance of SSA technicians. 3 Donald Trump delivers remarks before signing an executive order to create a White House Olympics task force to handle security and other issues related to the LA 2028 summer Olympic games, August 5, 2025. REUTERS SSA's announcement that paper checks are being phased out also noted the security concerns with mailing checks to beneficiaries. Advertisement 'Paper checks are 16 times more likely to be lost or stolen compared to electronic payments, increasing the risk of fraud. Electronic payments provide a safer, more secure way to receive benefits,' SSA wrote. The electronic payment push is being pursued under an executive order issued by President Donald Trump in March, as well as federal policies that predated the second Trump administration to encourage electronic payments. 3 The majority of Social Security beneficiaries have already moved away from paper checks. visuals6x – SSA noted in its mid-July announcement that beneficiaries may update their payment options at any time online through their personal Social Security account. Advertisement The agency also has an informational webpage outlining how beneficiaries can enroll in direct deposit or obtain a Direct Express card.

GOP's Rep. Lawler on Texas redistricting: ‘I think it's wrong'
GOP's Rep. Lawler on Texas redistricting: ‘I think it's wrong'

The Hill

time21 minutes ago

  • The Hill

GOP's Rep. Lawler on Texas redistricting: ‘I think it's wrong'

Rep. Mike Lawler (R-N.Y.) said what Texas Republicans are doing is 'wrong' after they passed a gerrymandered congressional map, which would result in five new GOP seats in the House ahead of next year's midterm elections, as he seeks reelection in his New York swing district. 'I think it's wrong, what Texas is doing,' he said of Texas Republicans' release of the new map during a Tuesday evening appearance on CNN. 'I don't support it. I think it is wrong.' Lawler compared the situation to the situations in Illinois and New Jersey, which have also been criticized for doing the same, in some cases, even seeing their maps struck down because of it. 'We have to actually have neutral districts across this country,' he said. 'It would serve the country better.' Lawler mentioned that he plans to introduce legislation to 'outright ban gerrymandering,' a term coined over 200 years ago in the U.S. that's used to describe political manipulation in legislative map-making, according to the Associated Press. 'This is fundamentally why Congress is broken,' he continued. 'You do not have competitive districts, and so most members are focused on primaries and not actually engaging in a general election.' Lawler's comments come as he seeks reelection in his battleground House district in New York, where Democrats will seek to oust him as part of the party's efforts to win back control. Democrats fell short in the district by more than 6 points in November. In the backdrop, Texas Democrats on Sunday traveled for various strategic trips to Illinois, New York and Massachusetts to deny Republicans a quorum, or the minimum number of lawmakers needed present to conduct legislative business, as the GOP tries to pass the new congressional lines. Texas Attorney General Ken Paxton (R) threatened to remove the Democrats as they go into day three of their trips, which is in response to the Texas GOP, at the behest of President Trump, redrawing the state's congressional maps. While redistricting was initially on the agenda items for the special session called by Gov. Greg Abbott (R), it was added later. Typically, lines aren't withdrawn until after a census — making the move a clear power play.

Vertex falls after FDA doubts broad use of chronic pain drug
Vertex falls after FDA doubts broad use of chronic pain drug

Boston Globe

time21 minutes ago

  • Boston Globe

Vertex falls after FDA doubts broad use of chronic pain drug

Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up FINANCE Advertisement Trump airs personal financial grievances before 'debanking' crackdown President Trump gestured while answering questions from reporters as he toured the roof of the West Wing of the White House. Win McNamee/Getty President Trump said Tuesday that he was a victim of discrimination by two of the nation's largest banks and suggested that his personal experience was fueling his animus with Wall Street. Trump, in an interview on CNBC, said both JPMorgan Chase — the nation's largest bank — and Bank of America refused to accept more than $1 billion in deposits from the Trump Organization after his first term. He said he made personal appeals to the CEOs of both banks but was rejected. 'The banks discriminated against me very badly,' Trump said. Trump's remarks couldn't immediately be confirmed. A JPMorgan spokesperson did not address Trump's charge, instead sending a statement saying that the bank would not comment on clients. Bank of America declined to comment. The Trump Organization earlier sued Capital One for closing its accounts in the wake of the Jan 6. attack on the Capitol. The president's commentary Tuesday carries significant weight on Wall Street because his administration has been preparing a crackdown, in the form of an executive order and other proposed regulatory changes, on so-called debanking practices. Many right-leaning organizations have claimed that the financial system has locked them out because of their political positions. Bank executives and lobbying groups have broadly pushed back against that assertion, although they have said that beginning with the Obama administration — and during Trump's first term — they were required by regulators to apply close scrutiny to certain categories of deposits, including payday lenders and gun-related businesses. — NEW YORK TIMES Advertisement LEADERSHIP After Musk's X, Yaccarino shifts to run GLP-1 tech upstart Linda Yaccarino photographed in 2024. Susan Walsh/Associated Press Linda Yaccarino, who recently left Elon Musk's X social media site, is taking the helm at eMed, a telehealth company that offers access to weight-loss drugs. The digital health upstart sold COVID tests with results it confirmed virtually during the pandemic, then pivoted to offering weight-loss drugs more recently. The company announced Yaccarino's appointment as chief executive on Tuesday. She left X in July after two years, following a contentious effort to reverse an exodus of advertisers who were alienated by the site's direction under Musk. Now Yaccarino's going from one challenging situation to the next, and said her experience leading at a time of transformation will come in handy. 'I'm really proud of what we accomplished at X during my tenure,' she said in an interview with Bloomberg. 'Going from Twitter to X, becoming a beacon of free speech around the world, and to actually turning the company around and accelerating the success.' — BLOOMBERG NEWS Advertisement TRADE US imports slid in June on higher tariffs Cargo containers at PortMiami in Miami, Fla., on June 26. SCOTT MCINTYRE/NYT US imports of goods fell in June, the Commerce Department said Tuesday, as President Trump's tariffs continued to weigh on trade. The nearly 4 percent decline from May came as businesses adjusted to shifting tariff deadlines and uncertainty in negotiations between the Trump administration and officials from other countries. Companies had rushed to stockpile goods before higher tariffs were put in place. That led to a temporary surge earlier in the year in goods shipments that pushed the trade deficit to a record $138.3 billion in March. Exports dipped slightly, down about 0.5 percent, as US companies sold fewer industrial goods. Still, the overall trade deficit narrowed to $60.2 billion in June. Trump has imposed tariffs on a variety of industries and trading partners since returning to the presidency in January, raising the US tariff rate to levels not seen in a century. He has suspended, altered, and delayed many of those tariffs many times to allow for negotiations, which have resulted in broad-brush agreements with America's major trading partners like Japan and the European Union. Higher tariffs for dozens of countries are set to snap back into effect Thursday unless more deals are reached. — NEW YORK TIMES Advertisement TECH Meta disrupts millions of WhatsApp scam accounts as internet schemes rise Meta's headquarters in Menlo Park, Calif., on Jan. 7. JASON HENRY/NYT Meta said Tuesday it banned more than 6.8 million WhatsApp accounts this year linked to scam operations, as the company fights a wave of criminal activity on the internet that has wrangled billions of dollars out of victims' savings. Scam accounts were often linked to criminal centers across Southeast Asia, where they run multiple operations at one time, from fraudulent crypto investments to pyramid schemes. Meta warned users that the operations often ask targets to pay upfront to get promised returns or earnings. Later, scammers sometimes show their victims how much they have already 'earned' before asking them to deposit even more money into the scam, according to the company. Between January and June, Meta used technical signals to identify many of the fraudulent accounts on the encrypted messaging platform before they were able to execute their scams, the company said. Meta also said it will introduce a new safety overview that prompts users when someone who is not in their contact lists adds them to a WhatsApp group. Meta's scam disclosures arrive as federal authorizes warn that people are losing more money to increasingly sophisticated scams. In March, the Federal Trade Commission reported consumers lost more than $12.5 billion to fraud in 2024 — a 25 percent increase over the prior year before. While the number of reported scams stayed stable, the percentage of people who lost money from them increased by double digits, according to the FTC. — WASHINGTON POST LEGAL Murdoch to give Trump health updates to delay Epstein deposition Under the deal, Rupert Murdoch will avoid the deposition altogether if the case is tossed out. Jordan Strauss/Jordan Strauss/Invision/AP A federal judge approved Rupert Murdoch's agreement to give President Trump regular updates on his health as part of a deal to delay the media mogul's deposition indefinitely in a $10 billion libel suit the president filed over a Wall Street Journal report tying him to the late Jeffrey Epstein. Judge Darrin Gayles in Miami adopted the agreement and ordered the 94-year-old News Corp. chairman emeritus to provide the president's lawyer with a sworn declaration 'describing his current health condition' within three days. 'Murdoch shall also provide regularly scheduled updates to the plaintiff regarding his health and alert plaintiff if there is a material change,' the judge, a Barack Obama appointee, said in the order Tuesday. Trump sued July 18, accusing Murdoch, News Corp., and Wall Street Journal publisher Dow Jones & Co. of maligning his character in a story that said he'd once sent a suggestive birthday letter to Epstein. The suit comes as Trump is fighting a firestorm of criticism over the government's handling of documents related to the late, disgraced financier. Epstein died in prison in 2019 as he faced sex-trafficking charges. Under the deal, Murdoch will avoid the deposition altogether if the case is tossed out. Murdoch's motion to dismiss the suit could be filed as soon as Sept. 22, when his initial response to the case is due. — BLOOMBERG NEWS Advertisement

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