Sarah Binder News
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Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.
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House Republicans are probing whether the White House and Democrats in Congress were promised political support from drugmakers in exchange for limiting what the industry would be asked to contribute under the 2010 health- care overhaul, according to a memo.
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U.S. House Speaker John Boehner’s acceptance of a two-month payroll tax-cut extension after he spent several days disparaging the plan is the daily special on a long menu of political crow.
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Representative Kevin Brady, the top Republican on the Joint Economic Committee, is drafting legislation that would focus the Federal Reserve on a single mandate for price stability, require more transparency and shift control over interest rates away from Washington.
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Two nominees to the Federal Reserve’s Board of Governors were approved today by the Senate Banking Committee, advancing their appointments toward a possible confirmation vote by the full chamber.
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U.S. Senate Majority Leader Harry Reid moved to force a vote on two nominees to the Federal Reserve Board, setting the stage for a vote as early as this week.
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The U.S. House of Representatives approved legislation that would subject the Federal Reserve to an audit of monetary policy, including deliberations over changes to the benchmark interest rate.
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After struggling to corral his fractious Republican caucus for more than a year, U.S. House Speaker John Boehner is nearing another test: passing a multitrillion-dollar budget for the federal government.
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The U.S. Federal Reserve is under more pressure than at any point in three decades over Chairman Ben S. Bernanke’s efforts to jumpstart the economy, and the criticism threatens to undermine support for the central bank.
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Sean Morrison earned a presidential award in 2003 from George W. Bush for his research on the underlying causes of Hirschsprung’s disease, a life-threatening intestinal illness in newborns. His quest for a treatment is now jeopardized by a judge’s ruling.
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