Biden Cancels $7.7b Student Loan Debt; China Creates Own AI Model Based on Xi Ideology | Business Matters Full Broadcast (May 22)

President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total number of people to get their debt cancelled to 4.75 million, despite Republican opposition.U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market.The Consumer Financial Protection Bureau will apply some credit card consumer protection rules to buy now, pay later (BNPL) lenders, in a bid to impose more oversight on the fast-growing sector.China is rolling out their own version of Chat-GPT. But content generated by this chatbot is based on the philosophies and writings of Chinese communist leader Xi Jinping.May is National Military Appreciation Month, and memorial day is upon us. For veterans transitioning from military to civilian life, which states among the 50 make it easier for military families to adjust and thrive financially? NTD spoke to Christie Matherne, editor from WalletHub about their latest ranking.