Interest rates are expected to go up again today.

We're also looking at an experimental yet promising skin cancer vaccine.

That's some of what we'll get to on the 7th from the Washington Post. I'm Jeff Pierre. It's

Wednesday, December 14th. Let's get you caught up with today's seven stories.

Number one, U.S. officials believed that the founder of FTX was

committing massive fraud.

FTX was one of the world's largest cryptocurrency exchanges

before it collapsed into bankruptcy

last month. The 30-year-old founder, Sam Bankman freed. He was arrested this

week in the Bahamas and charged with multiple crimes yesterday.

Here's Gerbergh Greywall, the director of enforcement for the SEC at a news conference after the arrest.

The SEC filed charges against Sam Bankman Freed alleging that he orchestrated a

years-long scheme to defraud equity investors in FTX Trading Limited.

The prosecutor say he was using customers money to pay off debts, invest in other companies, and make

donations. A lot of that money is missing and may never be recovered. And if you want

an easy way to get more of the background on this story, our podcast Post Reports has an

episode on this whole saga. It dropped last week. Check it out. Number two, the Federal Reserve is expected to raise interest rates again today.

The Nation Central Bank is still trying to get inflation under control

and adjusting interest rates is the one major tool it has. It makes borrowing money

more expensive. This affects home buying, car loans, business investments and more.

And all of that can put a chill on the economy.

There have been signs of progress.

...