you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own problems to
the u.s. supreme court. we re following the protests and the stakes as the nine justices weigh challenges to president biden s loan forgiveness program. and fox news is facing even more scrutiny and questions tonight after the chairman rupert murdock admitted under oath that some of the network s hosts endorsed lies about the 2020 presidential election. welcome to our viewers here in the united states and around the world. i m wolf blitzer and you re in the situation room. tonight congress is putting the spotlight on deteriorating u.s. relations with china and the growing threat that the communist regime poses to the united states. the first hearing of the new house select committee on china begins in the next hour. let s bring in cnn s jessica dean. she s up on capitol hill for us. also let s bring in cnn s david culver who has reported from china for years. jessica, i ll start with you. tell us what to expect at tonight s hearing. reporter: wolf, this is the first prime
it is the first significant snowfall of the season there. on the west coast blizzard conditions in the sierra nevada mountains, a whiteout shutting down more than 70 miles of interstate 80. portland, oregon looking at several inches through tonight. chad myers has the forecast. chad, who is getting the worst of it today? up state and also interior new england, but we are going to see slick spots around new york and boston, i-95 still going to see the potential for some slick roadways for today. otherwise just kind of a pretty landscape out there with the snow coming down. 3 inches in most of the areas here, a little less in central park. it was a slushy mess, raining, snowing, 33 degrees so it didn t really pile up all that much. but outer suburbs, some spots looking at 6 inches out your window this morning. not much more left. probably an inch or two and then it is just about done. next storm system coming onshore in the pacific, an awful lot of snow for the sierra. they w
organizations experienced in dealing with exactly this kind of material. the timeline here, the waste removal was paused over the weekend following complaints from texas and michigan officials who said they didn t know the waste would come to their jurisdictions. why didn t they know what was coming their way? i don t know all the details of the environmental cleanup process. what i know is that there are ways that are set up for states to communicate with each other about this. and there is often a private sector role as contractors who have that extremely rigorous epa certifica certif certify step up to do that challenging work. this is both in responding to disasters like this and in routine operations. it happens a lot, which is why it is regulated so tightly, so carefully and closely. and epa has taken over the process originally led by norfolk southern to make sure that it s going to be handled well. of course, every situation, politics playing a role in this. som
the crime. that is what we are watching this hour. hello, everyone, thank you for being here, i m kate bolduan. right now the supreme court is hearing the arguments for two cases that are at the heart of americans. at the heart of it is the biden administration student loan forgiveness program. the argument is that the president overstepped his authority here when he said he would give up to $20 million in student debt. that is a lot of money for a lot of people and hanging in legal limbo today. signs of how much interest there is in the court decision, take a look at the crowds out in front of the court this morning. jessica snyder is also live outside of the supreme court as this is playing out. she is joining us now. jessica, you are listening to the first hour-ish of oral arguments. what are you hearing? the justices are zeroing in on the price tag of the program, and whether the president way of the extensive program. these are the numbers. 40 million students are