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Government Shutdown in January Looms as Congress Looks to Head Home

With a federal financing deadline looming in the new year, time is running out yet again for Congress to avert a government shutdown as House Republicans attempt to renegotiate a months-old financing

Analysis: Why Opioid Victims Aren’t Getting Billions of Dollars They Were Promised

Drugmakers and distributors pledged tens of billions of dollars to settle lawsuits accusing them of helping fuel the country’s opioid crisis. But much of the money may never be paid, WSJ Pro

Judge Rebuffs Bid by Creditors Committee in Rochester Diocese Bankruptcy

Bankruptcy Judge Paul Warren has declined to kill a $63.5 million deal between Continental Insurance Co. and the Roman Catholic Diocese of Rochester in the diocese’s bankruptcy. Warren’s decision came

FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries

A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds

Fed Holds Rates Steady and Sees Cuts Next Year

The Federal Reserve held interest rates steady and signaled inflation had improved more rapidly than anticipated, opening the door to rate cuts next year, the Wall Street Journal reported. Most

U.S. Treasury Market Braces for Overhaul as SEC Adopts New Clearing Rules

Wall Street's top regulator on Wednesday adopted new rules aimed at reducing systemic risk in the $26 trillion U.S. Treasury market by forcing more trades through clearing houses, while offering some

Credit Suisse Entities to Pay $10 Million over Prohibited Mutual Fund Services

Credit Suisse Securities and two affiliated firms have agreed to pay over $10 million to settle U.S. Securities and Exchange Commission charges they provided prohibited services to mutual funds, the

New York Removes Medical Debt from Credit Reports

Unpaid medical debt will no longer appear in New York residents’ credit reports under a bill signed into law by Gov. Kathy Hochul (D) yesterday, the Associated Press reported. The law prohibits credit

Bankrupt Trucking Company Yellow Approved for $1.88 Billion Real Estate Sale

Bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its shipping centers and real estate to multiple buyers for $1.88 billion, ending a bidder's long-shot effort

WeWork Strikes New Agreement at NYC Office Tower in Quest for Viability

WeWork Inc., the embattled coworking giant navigating a bankruptcy, is keeping a Manhattan office spot largely leased to Amazon.com Inc. through a deal that includes reduced rent and a shortened lease