Monthly Archives: December, 2021
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Fed to accelerate withdrawal of economic aid as prices surge
Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and unemployment falling faster than expected.
Insurer agrees to $800M settlement in Boy Scouts bankruptcy
Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse.
Pfizer confirms COVID pill’s results, potency versus omicron
Pfizer said Tuesday that its experimental pill to treat COVID-19 appears effective against the omicron variant. The company also said full results of its 2,250-person study confirmed the pill’s promising early results against the virus: The drug reduced combined hospitalizations and deaths by about 89% among high-risk adults when taken shortly after initial COVID-19 symptoms.
Judge delays case against Michigan school suspect’s parents
A judge on Tuesday granted a prosecutor more time to collect and share additional evidence against the parents of a boy charged with killing four students at Oxford High School, partly to give the Michigan community “time to heal” during the holiday season.
Senate votes to raise debt limit by $2.5T, avoiding default
The Senate approved legislation Tuesday to lift the nation’s debt limit by $2.5 trillion under a deal struck between party leaders, defusing a volatile issue until after next year’s midterm elections while saddling majority Democrats with a tough vote.
