Catholic diocese settles to avoid criminal indictment in New Hampshire
The Roman Catholic Diocese of Manchester avoids criminal charges by accepting state oversight including an annual audit, enhanced training, and mandatory reporting compliance. The deal requires strict adherence to New Hampshire child abuse reporting laws and places the diocese under state supervision to address systemic failures. Bishop John B. McCormack said the church accepts responsibility and will fix weaknesses.
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Fed Holds Key Rate Steady Amid Soft Patch Outlook
The Federal Reserve kept the federal funds rate at 1.25 percent, the lowest in 41 years, signaling no hurry to cut further. Analysts expect a tepid economy through winter and into 2003 with stimulus plans in play and a cautious path for growth.
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