Neon Tommy's Weekly Roundup 11/22/13

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JPMorgan reached a $13 billion settlement with the Justice Department on Tuesday. The bank is paying up for knowingly selling bad mortgages to consumers. About $4 billion from the settlement will go directly to homeowners. This $13 billion sets a record for the highest settlement paid to federal authorities. The previous record was around $4 billion, which was paid by BP after the oil spill in the Gulf of Mexico.
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President Obama awarded sixteen people with the Medal of Freedom at the White House on Wednesday. According the the President, this honor goes to those who have dedicated their own lives to the enrichment of others. Bill Clinton and Oprah Winfrey were among those awarded this year.
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United Nations officials met with Iranian leaders in Geneva Tuesday to discuss a potential deal that would reduce the country’s nuclear program. Western officials would loosen economic sanctions against Tehran if the nation agreed to a program that would make the country’s nuclear program peaceful.
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Fifty years ago today, one of America’s most beloved presidents was assassinated. John F. Kennedy was shot and killed by Lee Harvey Oswald on November 22, 1963. The trip was planned as an unofficial campaign trip for the 1964 election. President Obama honored the former president by visiting his grave at Arlington National Cemetery on Wednesday.
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Senate Democrats voted to end th continued use of filibusters by Senate Republicans to block President Obama’s presidential appointments. This will allow Obama to have more control over who will make up the staff of his administration. This is a big move for the Senate since the institution is very slow to change and tends to favor giving power to the minority party.
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Reach Contributing Reporter Madison Mills here.