Alex Jones has filed for personal bankruptcy

New York CNN — On Friday, right-wing conspiracy theorist Alex Jones filed for Chapter 11 personal bankruptcy protection in a Texas court, according to court documents. In the documents, Jones estimates that his assets are worth between $1 million and $10 million and his liabilities between $1 billion and $10 billion. Infowars’ main hosting company, … Read more

5 things to know for December 1: Ukraine, Student loans, Trump, Immigration, Uvalde

CNN — Wall Street traders and many investors are in good spirits. Stocks soared on Wednesday after Federal Reserve Chairman Jerome Powell said rate hikes could ease this month. With this recent rise, the Dow is more than 20% above its 52-week low, which puts it in a new bull market. Here’s what else you … Read more

Student loan forgiveness: Biden administration dealt another setback in court in effort to revive student loan debt relief policy

CNN — A second federal appeals court has rejected an offer by the Biden administration to suspend a ruling blocking the president’s student debt relief policy. The 5th U.S. Circuit Court of Appeals ruled late Wednesday that it will not stay a Texas judge’s ruling overturning the policy while an appeal of the decision is … Read more

Bank of America CEO predicts two years of pain ahead in the housing market

New York CNN Business — The CEO of one of the country’s biggest banks is bracing for an economic downturn in 2023. But he also hopes the likely downturn will be brief and “mild”. Bank of America (BAC) CEO Brian Moynihan said in an exclusive interview with Poppy Harlow on “CNN This Morning” on Tuesday … Read more

Student loan relief: Biden administration notifies approved applicants as program remains tied up in courts

CNN — The Biden administration began Saturday notifying people who are approved for federal student loan relief, though the future of that relief remains in limbo after lower courts blocked the program nationwide. The Department of Education has begun emailing borrowers who have been approved for federal student loan relief, explaining that recent legal challenges … Read more

Student loan forgiveness: Federal court strikes down Biden’s program

Washington CNN — Student borrowers are now waiting indefinitely to see if they will receive debt relief under President Joe Biden’s student loan forgiveness program after a federal judge in Texas struck down the program on Thursday, saying illegal. The Justice Department immediately appealed to the 5th US Circuit Court of Appeals. But that case … Read more

Disney World arrest: A fugitive from New York was caught after a federal inspector spotted him while on vacation in Florida

CNN — Federal official Jeff Andre was vacationing at Walt Disney World’s Animal Kingdom near Orlando last month when he spotted a man who looked familiar. The man looked like 31-year-old Quashon Burton, who authorities say fled to New York last November after allegedly using fraudulent documents to get coronavirus relief aid. A criminal complaint … Read more

America’s housing dream is broken

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — A little over a decade ago, the dominant narrative in the housing market was that Millennials simply weren’t buying. They were too cheap, lazy or itinerant to … Read more

Where Biden’s student loan forgiveness plan stands

Washington CNN — President Joe Biden’s student loan forgiveness program remains on hold while a federal appeals court considers a legal challenge brought by six GOP-led states. The Biden administration continues to accept student loan forgiveness applications, which are worth up to $20,000 per borrower, but is currently not authorized to forgive student loan debt … Read more

The Fed and White House combine for a day that cuts to the heart of Biden’s political problem

CNN — On Wednesday, two Washington power centers will expose the politically toxic dynamics of the top economic issue threatening President Joe Biden’s congressional majorities with the midterm elections less than a week away. The Fed is likely to trigger another historic interest rate hike and, about half a mile from the White House, Biden … Read more