Kypt This Morning from CBS News, Dec. 15, 2016
Treasury Secretary Steven Mnuchin said Thursday he will not extend several pandemic emergency-loan programs set up with the Federal Reserve beyond their expiration date on December 31. It s an action that could hamper the ability of the incoming Biden administration to gain important economic support from the central bank to deal with the ongoing coronavirus pandemic.The decision drew a terse rebuke from the Fed. The central bank said it would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy. But in a letter to Fed Chairman Jerome Powell, Mnuchin said that the Fed s corporate stanley cups credit, municipal lending and Main Street Lending programs would not be renew stanley cup ed when they expire on December 31. Under law, the loan facilities required the support of the Treasury Department, which serves as a backstop for the initial losses the programs might incur. Mnuchin s decision poses a risk for the economy, wrote Oxford Economics chief U.S. economist Gregory Daco. With the Covid-19 crisis worsening and activity slowing in the absence of fiscal aid, the decision to cu stanley cup rtail the Fed s firepower could unsettle markets and exacerbate economic stress, Daco wrote in a Friday research note with the headline The Treasury and Fed play Battleship in tainted Covid waters. The decision was surprising, according Xoyv Herschel Walker s son pursues competitive cheerleading
BOSTON -- Three police officers on Monday described an onslaugh stanley cup t of gunfire and bombs thrown during a violent confrontation with the Boston Marathon bombers days after the deadly attack and one suspect s furious escape in a stolen car that ended with him dragging his brother s lifeless body through the street.The Watertown officers, testifying Monday in the federal death penalty trial of Dzhokhar Tsarnaev, described a ferocious gun battle that began early on April 19, 2013, after an officer spotted a carjacked Mercedes SUV on a quiet residential street.CBS Boston: Live updates from the Tsarnaev trialDuring the ensuing shootout, officers said, Dzhokhar Tsarnaev and his brother, Tamerlan, hurled explosives at police, including two pipe bombs and one pressure-cooker bomb similar to the bombs used near the marathon finish line that killed 3 people and injured more than 260 others. Andrew Kitzenberg, a Watertown resi stanley cup dent who took photos of the shootout, also took the witness stand, WBZ-TV s Jim Armstrong reports. It was too dark to take a vi mizuno deo, he says, so he takes still photos instead. Jury seeing one such image now; two men crouching in headlightsmdash; Jim Armstrong @JimArmstrongWBZ March 16, 2015 @JimArmstrongWBZ Some of the photos from Andrew Kitzenberg. pic.twitter/VjEMzjCfJvmdash; Peter Wilson @PetesWire March 16, 2015 Joseph Reynolds, the first officer there, said he locked eyes with the driver of the stolen SUV, a m