Janet Yellen’s nomination as chairman of the U.S. Federal Reserve probably will face little resistance in the Senate, a contrast to Lawrence Summers, whose candidacy sparked a rebellion among Democratic lawmakers.
More Americans continued to take on roommates or boarders than before the recession, women had fewer children, and people were still flocking to college or graduate school as a way to postpone their entry into the job market.
The number of Americans living in poverty remained close to a two-decade high as the nation struggled to fully recover from the economic recession, Census Bureau data show. One bright spot: Fewer people are uninsured.
Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.