5 Things to Know for October 28: Twitter, Midterms, Trump, Mortgage Rates, North Korea




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President Joe Biden predicts that student loan debt relief will begin within weeks, even as the program has been suspended over a court challenge brought by six Republican-led states. There are a number of other hurdles the administration must overcome, including lawsuits from a state attorney general and lawsuits from conservative groups that say Biden is overstepping his legal authority.

Here’s what else you need to know Get Up to Speed ​​and Get On with Your Day.

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Elon Musk has taken control of Twitter after completing a $44 billion deal to acquire the company, a source familiar with the deal told CNN. Shortly after the deal closed on Thursday, Musk fired CEO Parag Agrawal and other top executives, according to two people familiar with the decision. Musk originally agreed to buy the company in April, but spent months trying to get out of the deal. The billionaire said he does not agree with Twitter’s permanent bans for repeat violators, raising the possibility that some of the previously banned controversial users will reappear on the platform. Perhaps immediately, many will be watching to see if Musk can let former President Donald Trump back on the platform, as he previously said he would. Depending on the timing, that move could have major implications for the midterm elections, as well as the 2024 presidential campaign.

More than 13.8 million pre-election votes have been cast in 44 states ahead of the 2022 term, according to data from election officials. With several competitive statewide races less than two weeks away, Florida has the largest number of pre-election votes at more than 1.9 million. Texas, California and Georgia also cast over a million votes. Control of the Senate is still up for grabs as long as the conditions for Republicans to win the House of Representatives are met. The GOP only needs a five-seat net gain to win the chamber, and it could get there by picking up seats in districts that former President Trump won in 2020, as well as others that came close to redistricting from the Republican Party.

To help you plan your vote, CNN has compiled voting, absentee/mail-in and voter registration deadlines in each of the 50 states for Election Day on November 8. Find out how and when to vote in your state here.

With 12 days to go before the midterms, tensions are running high among some candidates

An appeals court has cleared the way for the IRS to turn over Donald Trump’s tax returns to the House Ways and Means Committee. The case is one of a long-running lawsuit in which the Democratic-led House is trying to obtain years of financial records related to Trump, particularly his tax returns. “We’ve waited long enough — we need to begin monitoring the IRS’s presidential audit program as soon as possible,” committee chairman Richard Neal, D-Mass., said in a statement, adding that Trump has “tried to delay.” inevitable.” The Supreme Court could still intervene if Trump appeals.

Trump's new legal team

‘Extraordinary appearance’: Trump’s legal team and DOJ hold secret meeting

US mortgage rates are above 7% for the first time since 2002. 30-year fixed-rate mortgages averaged 7.08% in the week ended Oct. 27, up from 6.94% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was at 3.14%. Rates have risen almost weekly since late August and have more than doubled since the start of the year. The rapid rise has been fueled by the Federal Reserve’s unprecedented campaign to raise interest rates as inflation soars. Economists say the rate hike is causing stagnation in the housing market, as many potential homebuyers are choosing to wait and see where the housing market ends up, pushing demand and home prices further down.

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Mortgage rates continue to rise, reaching a 20-year high. Here’s what that means

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– Source: CNN

North Korea fired two short-range ballistic missiles into waters off the east coast of the Korean peninsula today, raising already high tensions in the region, South Korean military officials said. The launch was North Korea’s 28th this year, by CNN’s count, and is being seen by South Korean officials as another “serious act of provocation” that threatens peace and stability on the peninsula. The launch “poses no immediate threat to US personnel or territories, or to our allies,” according to a statement from the US Indo-Pacific Command. However, it has raised alarm that North Korean leader Kim Jong Un is deliberately showing off his arsenal. South Korean and US officials have also warned that North Korea is preparing for its seventh nuclear test since May, its first since 2017.

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Is encouraging North Korea to denuclearize an outdated goal?

Prince Harry’s highly anticipated memoir will be released in January

The memoir’s title, “Spare,” appears to be a nod to Harry’s perceived role in the royal family, from which his wife Meghan, Duchess of Sussex, stepped back as royal in early 2020.

The 8-year-old boy is halfway to the summit of El Capitan

The boy who set out this week to become the youngest person to climb one of the world’s most difficult rock formations is more than halfway to the summit.

Coal miner father’s photo goes viral

We have another contender for father of the year! This coal miner didn’t want to miss out on his son’s first basketball experience, so he went straight from work to the game, covered in black coal dust. See the photo here.

Brain scans can now tell what your dog is looking at

Does your dog really love you? Or does he only act because he wants food and treats? Watch this short video to see what the researchers have to say.

Game 1 of the World Series is today

The Philadelphia Phillies and Houston Astros will face off today for a spot in MLB history. Here’s how to watch it.

What festival was celebrated this week?

A. Yom Kippur

B. Diwali

C. Day of the Dead

D. Ramadan

Take CNN’s weekly news quiz here see if you are right!

5

A few years ago a CNN reporter got a call from someone who said he could prove James Brown, Soula’s godfather, had been killed. The call came from a songwriter who found himself in the musician’s inner circle decades ago. When CNN reporter Thomas Lake launches an investigation, the two stumble into a world of secrets, fear and suspected foul play. To hear their findings, listen to CNN’s new true crime podcast “The James Brown Mystery.”

“Inflation is so high, it’s unacceptable and Americans feel it every day.”

– Treasury Secretary Janet Yellen, noted that US prices will take time to recover and that efforts to return inflation to levels “people are more used to” will take place “over the next couple of years.” In an exclusive interview with CNN, Yellen optimistically said she saw no signs of a recession in the near term as the US economy recovered from a six-month contraction.

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Heavy storm threatens the South

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– Source: CNN

See your local forecast here >>>

It’s National Chocolate Day in the US

In honor of the delicious unofficial holiday, watch this celebrity confectioner create a special chocolate sea dragon. (Click here to view)