Here’s what to look for when Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee starting at 10 a.m. today. She spoke to the House Financial Services Committee on Feb. 11 in the first of two days of semi-annual testimony on the economic outlook and monetary policy.
Nathan Sheets, the Federal Reserve’s behind-the-scenes international emissary during the global financial crisis, is returning to the fray as Treasury Secretary Jacob J. Lew’s frontman on the world economic stage.
House and Senate appropriators agreed to a $1.01 trillion bipartisan bill to fund the U.S. government through Sept. 30, unveiling the measure days before funding for federal agencies is scheduled to lapse.
Republican Senator Richard Shelby said he and Banking Committee Chairman Christopher Dodd are close to reaching a bipartisan agreement on financial overhaul legislation the Senate plans to begin considering this week or next.
Peter A. Diamond , a professor at the Massachusetts Institute of Technology since 1966 and a diehard Boston Red Sox fan, last year shared the Nobel Prize in economics and was invited to throw out the first pitch at a home game in Fenway Park.
The Federal Reserve’s balance sheet is poised to exceed $4 trillion, prompting warnings its record easing is inflating asset-price bubbles and drawing renewed lawmaker scrutiny just as Janet Yellen prepares to take charge.
Richard Shelby , ranking Republican on the Senate Banking Committee, requested the panel review insurers’ profits from the practice of retaining soldiers’ death benefits rather than making lump-sum payments to survivors.
The main Republican negotiator on U.S. financial-overhaul legislation said he was close to an agreement on language governing bank bailouts, a move that may break the Senate impasse over whether to begin debate.
Senators Christopher Dodd and Richard Shelby, who are negotiating a bipartisan compromise on the financial reform bill, said while they don’t have a deal yet they are “getting there” on resolving their differences.