On Tuesday for his State of the Union speech, Obama will have a message for the Congress that has stymied his agenda for the past three years.» Read More
WASHINGTON, Nov 14- Janet Yellen's hopes of becoming the first woman to lead the Federal Reserve got a boost on Thursday when she sailed through her Senate confirmation hearing with only mild questioning from some of the Fed's fiercest Republican critics.
Nominated by President Barack Obama to succeed Fed Chairman Ben Bernanke when his term expires in January, Yellen will have to endure plenty of heated anti-Fed rhetoric from Republicans on Thursday, when she appears before the Senate Banking Committee.
Federal Reserve Vice Chair Janet Yellen will likely secure sufficient votes to be confirmed as the next head of the central bank, according to one of her harshest critics in the Senate who sits on the banking panel that will vet her for the job.
WASHINGTON, Oct 31- A senior Republican on the Senate Banking Committee said on Thursday he would oppose efforts to block the nomination of Janet Yellen as Federal Reserve chairwoman with a filibuster unless some disturbing disclosure emerged.
WASHINGTON, Oct 30- A senior Republican U.S. senator vowed on Wednesday to block confirmation of President Barack Obama's nominees to head the Federal Reserve and the Department of Homeland Security if the administration does not provide more information about the 2012 attack on U.S. diplomatic facilities in Benghazi, Libya.
President Barack Obama' s nomination of Janet Yellen to head the Federal Reserve appears headed toward a smooth confirmation by the Democratic-led Senate, Senate Majority Leader Harry Reid said on Tuesday. Democrats now control the Senate, 54-46..
WASHINGTON, Oct 28- The U.S. Senate Banking Committee is considering holding a hearing on Janet Yellen's nomination to head the Federal Reserve on Nov. 14, a Senate aide said on Monday. The banking committee needs to vet the nomination before it can go to the full Senate for final consideration. Democrats control 55 seats in the 100- seat Senate.
CNBC's Steve Liesman previews the Fed's policy meeting later this week and Sen. Rand Paul's attempts to block the nomination of Janet Yellen as Fed chair.
LONDON, Oct 28- The dollar fell towards a nine-month low against a basket of currencies on Monday, with more investors selling on growing confidence the Federal Reserve will keep policy accommodative. The dollar's weakness saw the euro trade up at $1.3815, having risen to $1.3833 on Friday, its highest since November 2011 on trading platform EBS.
"As part of Senate consideration of the Janet Yellen nomination to be chair of the Federal Reserve, I will request a vote on my bipartisan Federal Reserve Transparency Act," Paul said in a statement.
*Treasury to sell $96 bln 2-, 5-, 7- year debt next week. NEW YORK, Oct 25- U.S. The market is expecting Fed's bond purchases will continue into 2014. There's nothing in the near term that will change this view, "said Brian Rehling, chief fixed income strategist at Wells Fargo Advisors in St. Louis.
WASHINGTON, Oct 25- Republican Senator Rand Paul plans to put a "hold" on the nomination of Janet Yellen to be chair of the Federal Reserve, CNBC reported on Friday, a move that would force supporters to round up 60 votes in the 100 seat Senate to confirm her. Democrats control the Senate 55-45 and would need only five Republicans to support Yellen.
Sen. Rand Paul, (R-KY), is tying the reintroduction of his "Audit the Fed" bill to the nomination of Janet Yellen as Fed chair, reports CNBC's Steve Liesman.
WASHINGTON, Oct 16- A defiant Senator Ted Cruz railed against a bipartisan U.S. Senate deal to lift the federal debt limit and reopen the government on Wednesday, but said he would not try to block or delay its passage.
WASHINGTON, Oct 1- Up to one million federal workers were thrown temporarily out of work on Tuesday as the U.S. government partially shut down for the first time in 17 years in a standoff between President Barack Obama and congressional Republicans over healthcare reforms.
WASHINGTON, Sept 25- Democratic and Republican U.S. senators introduced legislation on Wednesday to end the National Security Agency's bulk collection of Americans' communication records and set other new controls on the government's electronic eavesdropping programs.
Just how fractured is the Republican Party? A fight between New Jersey Gov. Chris Christie (R), and Kentucky Sen. Rand Paul (R) is raising questions. Former U.S. Ambassador to Morocco Marc Ginsberg; former New York Rep. Nan Hayworth (R); Keith Boykin, Former Clinton White House aide; and Mark Simone, WOR Radio talk show host, share their opinions.
Heading into another budget battle, more Americans say they have been negatively affected by the sequester budget cuts, an exclusive poll found.
"As a physician, I understand in a real way the damage Obamacare will to do medicine in South Dakota and the entire country," one of the doctors said in announcing her candidacy.
Who would have thought that the market mover would be Mr. Bernanke's written testimony at 8:30 a.m. ET, and that the Q&A would elicit a yawn?