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Business & Economy
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Business & Economy
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Boeing plea deal rejected in setback to company
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A federal judge specifically rejected provisions that would require Boeing and the Justice Department to consider race when hiring an independent monitor.
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Judge Reed O’Connor of the Northern District of Texas rejected a proposed plea deal that would have allowed Boeing to plead guilty and pay a fine for two fatal 737 Max crashes, thrusting the airline giant back into uncertain legal territory.
He gave Boeing and the DOJ 30 days to present a new plan for how to proceed.
The decision is a setback for Boeing, which has weathered intense scrutiny since the door of a 737 Max 9 flew off during an Alaska Airlines flight in January.
Federal prosecutors charged Boeing in 2021 with conspiracy to defraud the U.S. and accused the company of misleading the Federal Aviation Administration about issues with its Maneuvering Characteristics Augmentation System software, which played a role in both crashes.
Read the full report at TheHill.com.
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Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
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The latest moves in some of Washington’s biggest lobbying battles:
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The latest edition of The Hill’s Top Lobbyists list dropped this morning. Who made the cut?
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Key business and economic news with implications this week and beyond:
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President-elect Trump tapped financial software giant CEO Frank Bisignano late Wednesday to lead the Social Security Administration (SSA) in his second administration.
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A federal judge on Thursday rejected a proposed plea deal that would have allowed Boeing to plead guilty and pay a fine for two fatal 737 Max crashes, thrusting the airline giant back into uncertain legal territory.
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Chi-Chi’s is not yet ready to say ta-ta — the chain is poised to reopen some of its restaurants after shutting its doors in the U.S. two decades ago.
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Upcoming news themes and events we’re watching:
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The November jobs report comes out Friday at 8:30 a.m. ET.
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Branch out with more stories from the day:
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Eli Lilly is spending another $3 billion to bulk up manufacturing as the drugmaker seeks to stoke …
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Business and economic news we’ve flagged from other outlets:
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Bitcoin True Believers Bask in I-Told-You-So Glow at $100,000 (Bloomberg)
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Trump’s pick for SEC chair offers stark new reality for Wall Street: Easier oversight (Politico)
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Number of 401(k) ‘millionaires’ just jumped by 9.5% (CNN)
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Top stories on The Hill right now:
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Acting Secret Service Director Ronald Rowe and Rep. Pat Fallon (R-Texas) engaged in a shouting match that persisted over gavel banging, as Rowe accused the lawmaker of politicizing the 9/11 attacks. Read more
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Pete Hegseth’s nomination to serve as secretary of Defense appears doomed despite his fiery declaration that he’s “not going anywhere,” Republicans on Capitol Hill told The Hill on Thursday. Read more
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Opinions related to business and economic issues submitted to The Hill:
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You’re all caught up. See you tomorrow!
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