From NPR News in Washington, I'm Jeanine Herbst.
JP Morgan Chase has agreed to a 5.1-billion dollar settlement with the overseer Fannie Mae and Freddie Mac. NPR's Dan Bobkoff reports that the news of the deal came late this afternoon.
The settlement resolves claims that JP Morgan Chase duped mortgage giants, Fannie Mae and Freddie Mac, into buying bad mortgages before the economic crisis. The 5.1-billion dollar deal is with the Federal Housing Finance Agency, which is at conservator, Fannie and Freddie. The bank says its settlement resolves all its issues with the FHFA. In a statement, FHFA acting director Edward J. DeMarco called the settlement quote, a significant step as the government and JP Morgan Chase move to address of standing mortgage related issues. This settlement is one component of the 13-billion dollar deal with the department of justice, expected to be announced soon. Dan Bobkoff NPR News, New York.
Following allegations at United States national security agency spied on its allies, German officials say they planned ahead to Washington sue. Chancellor Angela Merkel cellphone was allegedly monitored by the NSA. Dan Rothko with foreign policy magazine, says German officials will have lots of demands.
They probably were also said look if you got make a public apology, this is infuriating the people of Germany. So far the Obama administration has been completely opposed to doing that kind of thing.
Meanwhile Brazil's now working with other countries to draft UN general assembly resolution guarantee people's privacy, and electronic communications. That resolution would be non binding but would be another expression of disapproval of allegations of US spying.
The new trouble shooter brought into debug the troubled healthcare.com websites says it should be working smoothly by the end of next month. As NPR's Elise Hu, reports he says the site is fixable, but it needs a lot of work.
The administration brought in Jeffrey Zients to assess the broken site, and he says his finding showed the system is fixable.
"Today people are signing up at healthcare.gov, and they should continue to do so. But each week healthcare.gov will get faster and better."
A late November target date gives Americans about two weeks to get signed up in time for insurance just start January 1st, but opening enrollment runs until the end of March. To manage the overall taxes improvements, current contractor QSSI will take on the lead role. The administration says nationwide about 700,000 Americans have applied for health coverage through the new exchanges, about half came through the federal application system. Elise Hu, NPR news, Washington.
Concerns over the partial government shutdown and infighting between the political parties send consumer confidence lower this month. The university of Michigan says its survey fell a little more than four points from the month before. It's the third straight monthly drop after reaching a six-year high in July.
On Wall Street, positive end to the day, the Dow up 61 points to close at 15,570; the S&P 500 up seven; the NASDAQ up 14.
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A magistrate in Tennessee, who ordered a child's name changed from Messiah to Martin, has been charged with violating the state's code of judicial conduct. The jealous parents were disputing the child's surname, both want to use their own. But child's support magistrate Lu Ann Ballew surprised that when she changed the child's first name, saying Messiah was reserved for Jesus, and would place in undue burden on the child.
The UN's top humanitarian official is urging the security council to put more pressure on the warring sides in Syria, to give aid groups access to millions of people in need. As NPR's Michele Kelemen reports the official says what the council has done so far, hasn't had any impact.
UN Under Secretary of General Valerie Amos says disease is spreading in an alarming rate in Syria, and she says that overall humanitarian situation is getting worse, even after the security council called on Assad to let aid workers do their jobs.
"Words, despite their ability to shock, can not really paint a picture of the grim and grewsome reality of Syria today. I have extremely disappointed that we have not been able to make further progress."
Amos says Syria is still throwing up bureaucratic obstacles to aid workers and she says 2.5 million people remain out of reach as winter approaches. Michele Kelemen NPR News Washington.
Michael Jackson's estate has been sued by Quincy Jones. The music producer says he has owned millions of dollars in royalties and production fees on some of the super star's greatest hits. Jones's lawsuit is asking for at least ten million dollars from the singer's estate and Sony entertaiment, claiming both improperly reedited the songs to deprive him of his cut.
I'm Jeanine Herbst, NPR News in Washington.