Lawmakers Close In on Spending Deal to Avert Shutdown

Lawmakers are aiming to unveil Friday a bipartisan spending bill averting a government shutdown next month, but Democrats and Republicans remain at an impasse over another round of coronavirus relief. 


 
U.S. Daily Coronavirus Cases Stay Under 40,000

New coronavirus cases in the U.S. remained below 40,000, as Texas moved to loosen some restrictions and New York City pivoted again on school reopening. 


 
U.S. Stocks Fall as Fed Outlook Rattles Investors

The Dow industrials and S&P 500 fell, pointing to a steepening rout in share benchmarks as investors became unsettled by the Federal Reserve's dour outlook as well as conflicting signals about when vaccines may become available. 


 
A Million Mortgage Borrowers Fall Through Safety Net

Some homeowners don't know they qualify for a coronavirus-relief program that allows them to delay home-loan payments, potentially leaving them vulnerable to foreclosure and eviction. 


 
Fed Details New Round of Big-Bank Stress Tests

The Federal Reserve will analyze large banks' ability to withstand two coronavirus-related recession scenarios as part of a second round of stress tests later this year, the central bank said. 


 
Calpers Moves to Enhance Control of Investment Oversight

The overseers of the largest U.S. public pension system agreed late Wednesday to take a direct role in managing the retirement plan's chief investment officer. 


 
Lawmakers Tangle Over Fed's Muni-Market Rescue

The Fed stood ready to back the municipal market as a lender of last resort during the pandemic. So far, only two borrowers have tapped the facility for funding. 


 
New York Fed's No. 2, Michael Strine, to Leave Early Next Year

The chief operating officer and first vice president will step down Feb. 28 at the end of his five-year term. 


 
Bank of Canada Senior Deputy Gov. Carolyn Wilkins Won't Seek Second Term

Bank of Canada Senior Deputy Gov. Carolyn Wilkins will leave her position as the central bank's second-in-command when her seven-year term expires next spring, the bank's board of directors said Thursday.