Timothy F. Geithner’s replacement by Jack Lew as Treasury secretary will end a period of unusually strong ties between the department and the Federal Reserve. For the Fed, the result may be less insulation from critics, yet greater influence in financial market regulation.
Two years after the recession ended, almost 14 million Americans are out of work, including more than 6 million who have been jobless for at least six months. Job seekers outnumber available jobs by more than four-to-one.
Flash-forward to late January 2011: A humbled President Barack Obama , putting the final touches on his State of the Union address, ponders offering an olive branch to the new House Speaker, John Boehner .