The Biden administration issued a waiver to allow banks to transfer $6 billion in frozen Iranian oil funds without facing U.S. sanctions, a key step in a prisoner swap deal.
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Navient Settles Predatory Student Loan Claims for $1.85 Billion
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
Without Child Tax Credit Payments, Families Forced to Stretch Financial Resources
The recently expired child tax credit helped a wide swathe of families throughout the U.S. Megan Pratz looks into the impact the payments had, and how the end of the program will have a drastic effect on families that could still use the help with child care.
Supreme Court Halts COVID-19 Vaccine Rule for U.S. Businesses
The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job.
Biden to Double Free COVID Tests, Add N95s, to Fight Omicron
President Joe Biden says the government plans to double to 1 billion the rapid, at-home COVID-19 tests to be distributed free to Americans.
Queen Removes Prince Andrew's Military Roles, Patronages
Buckingham Palace says that Prince Andrew’s honorary military titles and royal patronages have been returned to Queen Elizabeth II with her “approval and agreement.”
Army Ups Bonuses for Recruits to $50K, as COVID Takes Toll
The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years.
UK's Johnson Apologizes for Attending Party During Lockdown
Prime Minister Boris Johnson has apologized for attending a garden party during Britain’s first coronavirus lockdown, but brushed aside opposition demands that he resign for breaching the rules his own government had imposed on the nation.
North Korea Claims Successful Test of Hypersonic Missile
North Korea says leader Kim Jong Un oversaw a successful flight test of a hypersonic missile he claimed would remarkably increase the country’s “war deterrent.”
U.S. Inflation Soared 7% in Past Year, the Most Since 1982
Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982.
