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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U.S. Reopens to International Travel, Allows Happy Reunions
The U.S. has fully reopened its borders with Mexico and Canada and lifted restrictions on travel that covered most of Europe.
U.S. Hiring Rebounded in October, With 531,000 Jobs Added
America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.
Unemployment Claims Drop to 269,000, Another Pandemic Low
The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year’s coronavirus recession.
Fed Confirms Tapering of Asset Purchases Coming 'Later this Month'
The Federal Reserve made official on Wednesday its plan to wind down the aggressive monthly bond-buying program that has defined the central bank's pandemic response.
Federal Reserve to Decide Whether It's Time to Roll Back COVID-Era Bond Purchases
Fed watchers are expecting Jerome Powell to announce a timeline for tapering bond purchases on Wednesday afternoon following the meeting of the Federal Open Market Committee.
Leaders Vow to Protect Forests, Plug Methane Leaks at COP26
World leaders are promising to protect the world’s forests, cut methane emissions and help South Africa wean itself off coal at the U.N. climate summit.
Supreme Court Questions Texas Law Banning Most Abortions
A majority of the Supreme Court are signaling that they would allow abortion providers to pursue a court challenge to a Texas law that has virtually ended abortion in the nation’s second-largest state after six weeks of pregnancy.
Biden Cites 'Overwhelming Obligations' of U.S. on Climate
President Joe Biden is taking a markedly more humble tone for a U.S. leader on climate change.
Leaders Dial Up Doomsday Warning to Kick-Start Climate Talks
British Prime Minister Boris Johnson has opened a global climate summit, saying the world is strapped to a “doomsday device.”
