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☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

☆ Joe Biden wants more people to start living in empty offices
▼ + stars: | 2023-10-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Office vacancies are at a 30-year high as WFH continues after the pandemic. But the White House initiative will make more than $35 billion available from existing federal programs in the form of grants and low-interest loans to encourage developers to convert offices into residential. Office vacancies stand at a 30-year high of 18.2%, according to research by CBRE. AdvertisementAdvertisementThe White House hopes the initiative will alleviate both these problems, creating more housing and revitalizing the commercial real estate sector. Conversions are faster than new construction, 20% cheaper, and produce fewer greenhouse gas emissions, the White House added.

Persons: —, Joe Biden's, Biden, Silverstein, Lael Brainard Organizations: Biden Administration, Service, Resources, Department, Transportation, CBRE, National Association of Realtors, It's, National Economic Council, ABC News Locations: Manhattan, New York, San Francisco, It's

☆ White House asking Congress for $6 bln to extend internet subsidy program -official
▼ + stars: | 2023-10-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The White House says the program, overseen by the Federal Communications Commission and known as the Affordable Connectivity Program, helps current users save over $500 million per month on their internet bills. The $6 billion in additional government funding would extend the program through December 2024, the official said. "Congress should act swiftly to fund the Affordable Connectivity Program and prevent more than 21 million households from losing access to affordable, high-speed internet," said White House National Economic Council director Lael Brainard in a statement to Reuters. Internet service providers say there are about 27 million additional U.S. households that are eligible but are not yet enrolled. Verizon (VZ.N), Comcast (CMCSA.O) and AT&T (T.N) have all called for Congress to extend the program that could run out of money by March.

Persons: Mike Segar, Lael Brainard, David Shepardson Organizations: Sabey Data, REUTERS, Rights, Reuters Wednesday, Federal Communications Commission, Program, White, National Economic, Verizon, Comcast, Thomson Locations: Intergate.Manhattan, Manhattan, New York

☆ Apple lines up to support nationwide right-to-repair legislation
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple said on Tuesday that it supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers, the latest sign of the company's shift toward supporting independent repair. Apple said it sees "real value" in a national law at a White House event on Tuesday. In a short talk, Apple service VP Brian Naumann said that Apple makes parts, tools, and manuals available to independent repair stores in the U.S., highlighting the company's current policy under its self-service repair program. The recent endorsement of the California law and the pending national bill is a shift from Apple, which previously opposed right-to-repair laws. But Apple has relaxed its position in recent years, introducing a program to rent tools and buy parts in 2021.

Persons: Apple, Biden, Lael Brainard, Brainard, Apple's, Brian Naumann, Naumann Organizations: Apple, National Economic, Microsoft, House Locations: U.S, California , Colorado , Minnesota, New York, California

FILE PHOTO: An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - Apple (AAPL.O) on Tuesday will announce plans to make parts, tools and documentation needed to fix its iPhones and computers available to independent repair shops and consumers nationwide, the White House said. In recent years, Apple executives have begun touting the longevity and resale value of its devices while making it easier to fix them and to access spare parts. Apple started distributing parts and manuals to some independent repair shops in 2019. While Apple has provided spare parts to repair shops since 2019, the California bill also requires it to supply diagnostic tools to those shops as well.

Persons: Stephanie Lecocq, Apple, Joe Biden, Lael Brainard, Brainard, Nathan Proctor, Proctor, Andrea Shalal, Stephen Nellis, Lisa Shumaker Organizations: Apple, REUTERS, Rights, National Economic, Manufacturers, Thomson Locations: Lille, France, U.S, California, Colorado , New York, Minnesota, San Francisco

☆ Biden administration picks 31 regional tech hubs to spur US innovation
▼ + stars: | 2023-10-23 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Commerce Secretary Gina Raimondo told reporters the program aimed to diversify the United States away from its traditional tech hubs like Silicon Valley, Seattle and Boston. White House National Economic Director Lael Brainard said the regional tech program makes "smart public investments in critical technologies in every region of the country." The designated regional tech hubs are in places like Montana, Wisconsin, upstate New York, Vermont, Nevada, Illinois and Puerto Rico, and are focused on areas including semiconductors, clean energy, critical minerals, biotechnology, artificial intelligence and quantum computing. Raimondo said the administration next year plans to award about five to 10 of the 31 tech hubs up to $75 million each. Biden this year asked Congress for $4 billion to fund additional regional tech hubs.

Persons: Gina Raimondo, Antony Blinken, Leah, " Raimondo, Joe Biden's, Lael Brainard, Biden, Raimondo, David Shepardson, Jamie Freed Organizations: . Commerce, U.S, State Department, REUTERS, U.S . Commerce Department, White, National, Thomson Locations: U.S, Mexico, Washington , U.S, WASHINGTON, United States, Silicon Valley, Seattle, Boston, Montana , Wisconsin, New York , Vermont , Nevada , Illinois, Puerto Rico, Washington, Idaho, Oklahoma, Wisconsin, China

☆ CFPB pushing to give consumers more control over their financial data
▼ + stars: | 2023-10-19 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The Personal Financial Data Rights rule would ensure consumers' legal right to their checking and prepaid account, credit card and digital wallet history and require fee-free data sharing among financial institutions, according to a release. It also includes restrictions on the monetization of sensitive consumer data by banks and tech companies and permits customers to revoke access to their data. "When it comes to our financial lives, a handful of very large banks and financial firms control much of the market," CFPB Director Rohit Chopra told reporters Thursday. If adopted, the rule would reactivate a statute of the 2010 Dodd-Frank Act tasking the CFPB with ensuring fair competition for consumer financial products. Biden "encouraged the CFPB to consider issuing rules to make it easier for consumers to take their financial data to a new financial services provider," Brainard told reporters Thursday.

Persons: Rohit Chopra, Dodd, Biden, Chopra, Lael Brainard, Joe Biden's, Brainard Organizations: Financial, WASHINGTON, Consumer Financial, Frank, National Economic Council, CNBC Locations: U.S

☆ The Biden administration wants to completely ban the hidden fees that make your plane and concert tickets unexpectedly expensive
▼ + stars: | 2023-10-11 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The FTC proposed a rule on Wednesday that would ban all hidden and misleading fees. Businesses who use hidden fees might have to give consumers refunds, per the rule. AdvertisementAdvertisementThe Biden administration has been trying to crack down on the hidden fees that pop up when you try to book a plane or a concert ticket or even just order food — and now wants to outright ban them. Those junk fees "plague" Americans across all sorts of transactions. The CFPB's Wednesday guidance clarified that provision to ensure every American knows they do not need to pay junk fees to get basic information from their bank.

Persons: —, Biden, Lina Khan, Khan, that's, Vicki Morwitz, Morwitz, Rohit Chopra, Lael Brainard Organizations: FTC, Service, Federal Trade Commission, Columbia Business School, Consumer Financial, —, Economic Locations: America, United States

WASHINGTON (AP) — The Federal Trade Commission on Wednesday proposed a rule to ban any hidden and bogus junk fees, which can mask the total cost of concert tickets, hotel rooms and utility bills. President Joe Biden has made the removal of these fees a priority of his administration. The Democrat's effort has led to a legislative push and a spate of initiatives aimed at helping consumers. The FTC estimates that consumers waste 50 million hours each year searching for the total price for tickets and lodging. After Biden discussed junk fees at a February meeting with aides, the U.S. Chamber of Commerce issued a statement that the “Washington-knows-best approach” would lead to fewer choices for consumers and make the economy less competitive.

Persons: Joe Biden, “, Lina Kahn, Biden, Lael Brainard Organizations: WASHINGTON, Federal Trade Commission, Administration, FTC, Consumer Financial, Bureau, White, National Economic Council, U.S . Chamber of Commerce Locations: U.S, Washington

☆ White House announces new efforts to crack down on 'tens of billions' in junk fees
▼ + stars: | 2023-10-11 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The White House on Wednesday will announce new initiatives to rein in tens of billions worth of surcharges tied to goods and services, or "junk" fees, in partnership with two of the nation's leading consumer-protection agencies. "When people request basic information about their accounts, big banks cannot charge them massive fees or trap them in endless customer service loops," Chopra told reporters on Tuesday. "Charging a competitive price for a legitimate service makes sense but charging junk fees for basic customer responsiveness doesn't. Both the FTC and the CFPB have taken preliminary actions toward cracking down on junk fees over the past few months. Earlier this year, the CFPB released a rule proposal on excessive credit card fees, while the FTC began targeting unfair practices in ticketing and other fees in late 2022.

Persons: Joe Biden, WASHINGTON —, surcharges, Lael Brainard, Lina Khan, Rohit Chopra, Khan, Chopra, Wells Organizations: WASHINGTON, National Economic Council, Federal Trade, Consumer Financial, Bank of America, Regions Bank, Information, Regulatory Affairs, NEC, of Economic Advisers, FTC Locations: Israel, Washington , DC

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Acquire Licensing RightsSept 29 (Reuters) - Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude supply. U.S. West Texas Intermediate crude (WTI) settled down 92 cents to $90.97, up 1% in the week and 29% in the quarter. While the total rig count fell by 51 in the third quarter, the cuts have slowed compared with a reduction of 81 in the second quarter as oil prices have rebounded due to tightening supplies. The supply cuts announced by Saudi Arabia and Russia are expected to dominate oil prices for the remainder of this year.

Persons: Ahmed Jadallah, Brent, WTI, John Kilduff, Lael Brainard, Baker Hughes, Suvro Sarkar, Robert Harvey, Katya Golubkova, Sonali Paul, Mark Potter, Paul Simao, Jan Harvey, David Gregorio Our Organizations: REUTERS, . West Texas, Federal Reserve Bank of Dallas, Energy Information Administration, Investors, White, Evergrande, HK, Reuters, Aramco, National Australia Bank, DBS Bank, Thomson Locations: Aramco, Saudi, Saudi Arabia, New York, U.S, Brent, OPEC, Russia

☆ US government shutdown would 'undermine' US economic progress, Yellen says
▼ + stars: | 2023-09-29 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/2] Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/ File Photo Acquire Licensing RightsWASHINGTON, Sept 29 (Reuters) - A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday. A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress. Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending. "The failure of House Republicans to act responsibly would hurt American families and cause economic headwinds that could undermine the progress we’re making," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, Lael Brainard, Brainard, " Brainard, We've, David Lawder, Ann Saphir, Philippa Fletcher, Jonathan Oatis Organizations: Treasury, Rights, Port, Republicans, Senate, CNBC, . Commerce, Thomson Locations: United States, New York, U.S, Savannah, Georgia

☆ NEC Director Lael Brainard: The inflation data today is absolutely good news
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNEC Director Lael Brainard: The inflation data today is absolutely good newsLael Brainard, National Economic Council Director, joins 'Squawk on the Street' to discuss the August PCE price index, inflation outlook, the potential economic impact of a government shutdown, and more.

Persons: Lael Brainard Organizations: NEC, National Economic

☆ Sam Bankman-Fried talked crypto with Jerome Powell the same month that the Fed chair met with JPMorgan and Goldman Sachs CEOs
▼ + stars: | 2023-09-28 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried met with Jerome Powell last year to discuss crypto, per the NYT. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementJerome Powell, the chair of the Federal Reserve, once met with Sam Bankman-Fried to discuss crypto, The New York Times reported. Prior to the meeting, Wetjen sent the Fed chair some policy papers that FTX had recently published, according to the NYT. The FDIC and a spokesperson for Bankman-Fried did not immediately respond to Insider's request for comment, sent outside US working hours.

Persons: Sam Bankman, Fried, Jerome Powell, SBF, Martin Gruenberg, —, Mark Wetjen, Wetjen, FTX, Powell, stablecoins, cryptocurrencies, Goldman Sachs, David Solomon, Jamie Dimon, Morgan Stanley, James Gorman, Lael Brainard Organizations: Wall Street, Service, Federal Reserve, The New York Times, Commodity Futures Trading Commission, JPMorgan Chase, Times, Fed, National Economic Council, Federal Deposit Insurance Corporation, FDIC, Customers Locations: Alameda

Mr. Powell’s public calendar shows that he and Mr. Bankman-Fried met as planned. And Mr. Wetjen went on to send the Fed chair two policy papers that FTX had recently published, according to emails obtained through a public records request. “Hope you’re finding these useful!” Mr. Wetjen wrote. According to newly released records, Mr. Wetjen managed to gain access to a range of federal officials. And public calendars show that Mr. Bankman-Fried went on to meet with another top financial regulator, Martin Gruenberg, head of the Federal Deposit Insurance Corporation.

Persons: Jerome H, Powell, Sam Bankman, ” Mr, Mark Wetjen, Fried, Wetjen, FTX, Hope, Mr, Lael Brainard, Martin Gruenberg Organizations: Federal Reserve, Commodity Futures Trading Commission, Fed, White, National Economic Council, Federal Deposit Insurance Corporation Locations: Washington

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell swore in three members of the central bank's governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank's first Latina governor. As Fed governors, they will vote at the Fed's eight yearly meetings on interest rate policies as well as on changes to financial regulations. Political Cartoons View All 1157 ImagesJefferson, who first joined the board last year, was sworn in as vice chair and will therefore work closely with Powell on interest rate policy. His term as vice chair will end Sept. 7, 2027, though he can remain on the board as a governor until 2036. She was a Marshall scholar at Oxford University and holds a Ph.D. in economics from the University of California, Berkeley.

Persons: Jerome Powell, Philip Jefferson, Adriana Kugler, Joe Biden, aren't, Kugler, Lael Brainard, Obama, Jefferson, Powell, Biden, Lisa Cook, Cook Organizations: WASHINGTON, —, Latina, Georgetown University, Fed, United States ’, World Bank, Labor, Davidson College, University of Virginia, Michigan State University, Harvard University’s Kennedy School of Government, Oxford University, University of California Locations: Georgetown, United States, North Carolina, Marshall, Berkeley

☆ NEC Director Lael Brainard on August jobs report: People are coming back and going to work
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNEC Director Lael Brainard on August jobs report: People are coming back and going to workLael Brainard, National Economic Council Director, joins 'Squawk on the Street' to discuss the August jobs report, the role of unions in the current jobs environment, China's economic crisis and the impact on the U.S., and more.

Persons: Lael Brainard Organizations: NEC, National Economic

☆ Gilgo Beach killings: Sex workers describe encounters with Rex Heuermann
▼ + stars: | 2023-08-25 | by ( Brynn Gingras | ) edition.cnn.com time to read: +2 min

CNN —Two women held in Suffolk County jail say they had encounters with the Gilgo Beach killings suspect Rex Heuermann, describing the meetings with him as “violent” and “aggressive,” sheriff’s department spokesperson Vicki DiStefano said Thursday. The alleged encounters with the two female sex workers are believed to have happened more than a decade ago, said DiStefano, noting the women expressed concern for their safety during the time they say they were with Heuermann. The information was uncovered as part of ongoing interviews by the Suffolk County Sheriff’s Department human trafficking unit, which was created to help those incarcerated have access to services and support they need to recover. Since Heuermann’s July 13 arrest, the unit has been interviewing sex workers, as well as showing a picture of Heuermann to women, to see if they recall any interactions with him. He has pleaded not guilty in the killings of Melissa Barthelemy, Megan Waterman and Amber Lynn Costello.

Persons: Rex Heuermann, Vicki DiStefano, DiStefano, Heuermann, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Maureen Brainard, Barnes Organizations: CNN, Suffolk County Sheriff’s Department Locations: Suffolk County, Suffolk, Nassau County, New York, New York City, Gilgo Beach, Shore

☆ Roundabouts are safer than traffic lights. So why are there so few in the U.S.?
▼ + stars: | 2023-08-16 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Consider the simple roundabout — a traffic circle well known in Europe but less familiar across most of America. Proponents say roundabouts can dramatically reduce crashes, injuries and deaths, can improve traffic and even save a city a fair bit of money. "'Can you get rid of this traffic light near my house or near my business?' The Insurance Institute for Highway Safety, which is funded by the insurance industry and issues widely watched crash test ratings for vehicles, says roundabouts are considerably safer for drivers and pedestrians and cause much less congestion than traffic lights. We have been rated over and over by various organizations [as] one of the best places to live in the United States; one of the best places to retire; one of the best places to raise families; one of the best places for single people.

Persons: Mayor Jim Brainard, Brainard, Brainard's Organizations: Mayor, Insurance Institute for Highway Locations: Europe, America, U.S, Carmel , Indiana, Carmel, United States

☆ CFPB to crack down on data brokers, Chopra says at White House event
▼ + stars: | 2023-08-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — The White House on Tuesday held a roundtable examining potential harmful data broker practices as part of an overall strategy to protect Americans' privacy. The CFPB's new rule proposals will build upon the FCRA to hold data brokers that sell highly sensitive information more accountable. One proposal, said Chopra, will define a data broker dealing in certain types of consumer data as a consumer reporting agency and the brokers' sale of data as a consumer report. Another will clarify whether credit header data, the portion of a credit report that contains identifying information, can be considered a covered consumer report. "We applaud the steps the Consumer Protection Financial Bureau is taking to stop data brokers from unlawfully collecting and selling millions of Americans' sensitive data," she said.

Persons: WASHINGTON, Chopra, There's, Arati Prabhakar, Lael Brainard, Lina Khan, Brian Boynton, Khan, Brainard Organizations: Consumer, Fair, White, Office of Science, Technology, National Economic Council, Federal Trade, Justice Department's Civil, FTC, Protection

☆ US commerce chief says China export controls will hit companies' revenue
▼ + stars: | 2023-07-27 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/IllustrationWASHINGTON, July 26 (Reuters) - Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully target U.S. controls on exports to China, but rules will cost firms some revenue. Restrictions should not be so broad "that you deny American companies revenue and China can get the product elsewhere, or China can get the product from other countries," Raimondo said at a forum. Rules "will deny some revenue to American companies, but we think it's worth it." Raimondo said the administration is meeting with companies "to get to the right place so we don't damage American business but quite frankly protect American national security." The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment.

Persons: Florence Lo, Gina Raimondo, Biden, Raimondo, hobble, we're, Antony Blinken, Lael Brainard, Jake Sullivan, David Shepardson, Leslie Adler Organizations: REUTERS, WASHINGTON, Biden, Semiconductor Industry Association, Nvidia, Qualcomm, Intel, Huawei, National Economic, National Security, Thomson Locations: of China, U.S, China, American, United States

CNN —The search of Rex Heuermann’s Long Island home has ended after investigators turned up “quite a lot of evidence” in the Gilgo Beach serial killings, Suffolk County District Attorney Ray Tierney said Tuesday. “We are for all intents and purposes done with the search,” Tierney told reporters. Suffolk County District Attorney Ray Tierney says the search of Rex Heuermann's home turned up "quite a lot of evidence." “I did not do this,” his court appointed-attorney, Michael Brown, said Heuermann told him. “We’re going to look at the other instances where the bodies were recovered in that area as well,” Tierney said Tuesday.

Persons: Rex Heuermann’s, Ray Tierney, “, ” Tierney, Rodney Harrison, ”, Tierney, Rex Heuermann's, Heuermann, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Michael Brown, Maureen Brainard, Barnes, Harrison, “ We’re Organizations: CNN, Suffolk County Police, CNN Authorities, Investigators, Police Locations: Suffolk County, New York City, Gilgo Beach, Las Vegas, South Carolina’s Chester County, Shore

Rex Heuermann, the Long Island architect charged in the Gilgo Beach serial murder case, kept 279 weapons in his rundown home, most of them in a basement vault big enough to walk into, the authorities said on Tuesday. Mr. Heuermann had lived with his family in the dilapidated one-story house with the unkempt yard on First Avenue in Massapequa Park, N.Y., for years, commuting to his architectural consultancy in Manhattan. As they’ve worked, the house has become something of a tourist attraction for true crime fans and a daily encampment for news crews covering the case. Mr. Heuermann has been charged with killing Amber Lynn Costello, 27; Melissa Barthelemy, 24; and Megan Waterman, 22. He is the prime suspect in the murder of Maureen Brainard-Barnes, 25.

Persons: Rex Heuermann, Heuermann’s, Raymond A, Tierney, Heuermann, they’ve, Amber Lynn Costello, Melissa Barthelemy, Megan Waterman, Maureen Brainard Locations: Suffolk County, Massapequa Park, N.Y, Manhattan, Gilgo, Shore, Barnes

☆ How investigative journalists and a Netflix film kept the focus on the Gilgo Beach victims over a decade
▼ + stars: | 2023-07-22 | by ( Eric Levenson | ) edition.cnn.com time to read: +10 min

Watch The Whole Story with Anderson Cooper: The Gilgo Beach Killer Sunday at 8 p.m. The bodies of four women were among nearly a dozen sets of human remains found near Gilgo Beach and Ocean Parkway on Long Island. Suffolk County Police DepartmentHeuermann has pleaded not guilty to the murders of Megan Waterman, Melissa Barthelemy and Amber Lynn Costello. A major corruption scandal within Suffolk County law enforcement did not help the matter. Notably, a day after he was arrested, the Suffolk County police deputy commissioner announced that the FBI would join the investigation into the Gilgo Beach murders.

Persons: Anderson Cooper, Shannan Gilbert, Long, Gilbert, WH ”, ”, Spencer Platt, Rodney Harrison, Rex Heuermann, Heuermann, Melissa Barthelemy, Maureen Brainard, Barnes, Amber Lynn Costello, Megan Waterman, Suffolk County Police Department Heuermann, “ It’s, ” Robert Kolker, CNN International’s Rosemary, “, it’s, ” Kolker, “ There’s, who’s, Kolker, Ellen Killoran, Erin Moriarty, Amy Ryan, Liz Garbus, Shannan, Mari, Mari Gilbert, Garbus, James Burke, Burke, Thomas J, Spota, Christopher McPartland, Harrison, Heuermann’s, he’s, Ray Tierney, I’m Organizations: CNN, Netflix, Getty, Suffolk County Police, FBI, Force, Suffolk County Police Department, CNN International’s, “ People Magazine, New York Times, Authorities, Long Island Press, Golden State, Attorney Locations: Shore, Gilgo Beach, Long, Suffolk County, Suffolk

☆ Gilgo Beach killings: Search warrant for suspect's South Carolina property sought possible 'trophies,' other items that may have been used in murders, newspaper reports
▼ + stars: | 2023-07-21 | by ( Rob Frehse | ) edition.cnn.com time to read: +3 min

CNN —A search warrant for property in South Carolina owned by the suspect in the Gilgo Beach serial killings sought possible “trophies,” among other items, the suspect may have taken after the killings, according to the Chester News & Reporter, which has seen the warrant. CNN has reached out to authorities in South Carolina to obtain the search warrant. The South Carolina warrant shows a long list of items under “property sought,” many of which are listed as “trophies,” the paper reported. The warrant also sought any firearm-related evidence or storage containers. The women, who disappeared between 2007 and 2010, all worked as escorts and advertised their services, according to police.

Persons: Rex Heuermann, Heuermann, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Maureen Brainard, Barnes, Ray Tierney Organizations: CNN, Chester News, New York City, Parkway Locations: South Carolina, New York, Manhattan, Suffolk County, Nevada, Carolina, Heuermann, Shore

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