AP sources: Biden picks Lloyd Austin as defense secretary

President-elect Joe Biden will nominate retired four-star Army Gen. Lloyd J. Austin to be secretary of defense, according to three people familiar with the decision. If confirmed by the Senate, Austin would be the first Black leader of the Pentagon. Biden selected Austin over the longtime front-runner candidate, Michele Flournoy, a former senior Pentagon official […]

Ex-Harvard coach, father indicted in $1.5M admissions scam

The former fencing coach at Harvard and a wealthy Maryland businessman were indicted Monday on charges the coach took $1.5 million in bribes in exchange for helping the businessman get his two sons into the Ivy League school as recruited fencers. Peter Brand, 67, who was fired by Harvard last year, and Jie “Jack” Zhao, […]

Nationstar Mortgage to refund $73M to borrowers under order

CHARLOTTE, N.C. — Nationstar Mortgage, which operates under the brand Mr. Cooper, was ordered to repay $73 million to roughly 40,000 homeowners for repeatedly failing to provide even the most basic operations as a mortgage servicing company over four years, the Consumer Financial Protection Bureau said. In Massachusetts, the settlement provides $1,953,627 in relief, affecting […]

AP sources: Biden picks Lloyd Austin as secretary of defense

By ROBERT BURNS, MICHAEL BALSAMO, JONATHAN LEMIRE and ZEKE MILLER WASHINGTON (AP) — President-elect Joe Biden will nominate retired four-star Army general Lloyd J. Austin to be secretary of defense, according to four people familiar with the decision. If confirmed by the Senate, Austin would be the first Black leader of the Pentagon. Biden selected […]

Feds passed up chance to lock in more Pfizer vaccine doses

By ZEKE MILLER and JONATHAN LEMIRE WASHINGTON (AP) — The Trump administration opted last summer not to lock in a chance to buy millions of additional doses of one of the leading coronavirus vaccine contenders, a decision that could delay the delivery of a second batch of doses until manufacturer Pfizer fulfills other international contracts. […]