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- 10 whales dead, 41 others stranded in Everglades
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- Rep. Duncan Hunter: While Obama prays for Iranian change, U.S. should ready its nukes
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Inside Politics: Kerry starts prepping for State confirmation hearing
Mr. Kerry was at the department’s Foggy Bottom headquarters Wednesday, where he received “a huge pile of briefing materials,” State Department spokeswoman Victoria Nuland said. He will report to the State Department regularly starting Friday.
Mr. Kerry, Massachusetts Democrat, is expected to easily win confirmation in the Senate, where he is chairman of the Foreign Relations Committee. Ms. Nuland said the department is working with committee to pick a hearing date.
Fed has some concerns on bond purchases
The Federal Reserve will keep buying bonds indefinitely to try to keep long-term borrowing costs low. It’s just not clear how long indefinitely will be.
Minutes of the Fed’s last policy meeting show that officials were divided about when to halt the purchases.
Some of the 12 voting members thought the bond purchases would be needed through 2013. Others felt they should be slowed or stopped altogether before year’s end. This group worries that the bond buying is keeping rates so low for so long that it could ignite inflation or encourage speculative buying.
The Fed last month ended up approving open-ended purchases of $85 billion a month in Treasurys and mortgage bonds to replace an expiring bond-purchase plan and maintain its level of purchases.
The minutes cover the Fed’s Dec. 11-12 meeting. In a statement after the meeting, the Fed said it planned to keep a key interest rate at a record low even after unemployment falls close to a normal level — which it said might take three more years.
Jobless aid applications rise to 372,000
More Americans sought unemployment benefits last week, though the holidays likely distorted the data for the second straight week.
The Labor Department said Thursday that weekly applications rose by 10,000 to a seasonally adjusted 372,000 in the week that ended Dec. 29. The previous week’s total was revised higher.
Many state unemployment offices were closed this week for the New Year’s holiday and did not submit complete data for last week. As a result, the department relied on estimates for nine states. Two weeks ago, the department used estimates for 19 states because of Christmas closings.
- Hola: Boehner prepares to push amnesty bill through House
- Apple wins facial recognition patent for iPhone 6
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Puerto Rico caravan honoring Paul Walker ends in 6 drunken-driving arrests, 72 speeding tickets
- Kill team: Obama war chiefs widen drone death zones
- Xbox One, Playstation 4 games penalize users for cursing in their own homes
- MILLER: Obamas EPA closing smelter will not affect ammunition supply
- Pentagon may give recruits 'a shot to start over' after shameful social media posts
- Tipsforjesus mystery diner leaves huge tips across America
- U.S. drops 2,000 mice on Guam by parachute to kill snakes
Independent voices from the The Washington Times Communities
Playing Through covers the world of PGA golf, as well as tips your the average golfer to play better.
The only thing broken about our immigration policy has been our collective cowardice as a nation to enforce our current immigration laws
Al Maurer provides a common sense, conservatarian, Constitutional conservative perspective from the battleground state of Colorado
Criticism may not be agreeable, but it is necessary. It fulfills the same function as pain in the human body. It calls attention to an unhealthy state of things.