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Transcripts For CNNW CNN Newsroom Live 20190831

Im George Howell. The cnn newsroom starts now. At 5 00 a. M. Here on the u. S. East coast, we start with this big monster storm thats headed this way. Hurricane dorian, a massive storm that is gaining strength as we speak, headed toward the state of florida. Heres the latest update that just came in. Dorian is described as an extremely dangerous category 4 storm. Right now, it has maximum sustained winds of 140 miles or 220 kilometers per hour. Its still unclear exactly where the storm will make landfall. Right now, it is projected to hit another melbourne, florida, on tuesday and go up the coastline. Again, lets take a look from space just to see how large the storm is. This is the view from the International Space station. Dorian is still at least a day away from the bahamas where hurricane warnings and evacuation orders are already in effect. Storm intensified very quickly and could even get stronger in the coming hours. Heres a look again at the Hurricane Hunter aircraft. The fligh

Why Illinois budget bill has bankers sounding the alarm

An interchange provision included in Illinois' budget bill could force banks and payment processors nationwide to revamp their payments infrastructure, lobbying groups for the industry say.

Illinois passes one-of-a-kind swipe fee restrictions

The Illinois state legislature, as part of an agreement with retailers to raise state tax revenue, passed a budget bill that would bar the collection of interchange fees on sales taxes, excise taxes and tips for transactions that would be subject to Illinois sales taxes.

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