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By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
Topic - United States Senate Committee On Banking, Housing, And Urban Affairs
The Senate Banking Committee on a strong bipartisan vote of 14 to 8 approved the nomination of Federal Reserve vice chairman Janet Yellen to become the next head of the central bank.
Capitol Hill lawmakers are turning their attention to Bitcoin and other virtual currency websites this week, as they consider how to regulate a new technology that is revolutionizing financial markets around the world.
Federal Reserve Vice Chairman Janet Yellen, President Obama's choice to head the central bank, said on Thursday that she objects to legislation auditing the Fed if it allows Congress to scrutinize and pressure central bankers' deliberations over interest rates and monetary policy.
Janet Yellen, President Obama's pick to be the next head of the Federal Reserve, is vowing to maintain the central bank's ultra-easy policies on interest rates until she sees more convincing growth in the economy and job market, in prepared testimony to be delivered at her Senate confirmation hearing Thursday.
President Obama's nomination of Federal Reserve Vice Chairman Janet Yellen to become the next Fed chairman faces the threat of significant delays at a delicate time for the U.S. economy as a result of a recent move by Sen. Rand Paul to hold up the nomination to try to force a vote on auditing the central bank.
Republican senators are demanding the escalation of sanctions against Iran after two days of nuclear talks in Geneva.
The Senate on Monday unanimously confirmed President Obama's appointment of Mary Jo White to lead the Securities and Exchange Commission, even as Republicans continue to reject Richard Cordray, who was nominated at the same time to head another financial watchdog agency.
Senate Republicans used the confirmation hearing for the head of President Obama's new Consumer Financial Protection Board to air their continued unhappiness with the agency's funding and what they said was its lack of accountability.
Federal Reserve Chairman Ben S. Bernanke Tuesday morning warned Congress that $85 billion of across-the-board spending cuts due to start on Friday will dampen economic growth this year.
A conservative U.S. senator from Idaho who has said he doesn't drink because of his Mormon faith has been charged with drunken driving.
The Senate on Tuesday began considering proposed legislation to extend for two years a Great Recession program that provides open-ended government insurance backing for certain non-interest-bearing bank accounts.
The Federal Reserve took aggressive action Thursday to try to reinvigorate the economy and generate more jobs, announcing a major program of purchasing $40 billion a month in mortgage bonds that it hopes will drive down interest rates to record lows and spur faster growth.
Congress is pressing ahead with a new package of crippling sanctions on Iran, expanding on financial penalties and targeting Tehran's energy and shipping sectors in the hope that economic pressure undercuts its suspected nuclear weapons program.
Two senior Republican senators have questions about the Obama administration's approval of more than a half-billion dollars in taxpayer funds to help a California automaker build hybrid subcompact cars in Finland that will cost buyers more than $100,000 each.
Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild.