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Jan 6, 2014

Janet Yellen gets final stamp of approval to head U.S. Fed

WASHINGTON (Reuters) – Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus.

When she succeeds Ben Bernanke, whose second four-year term as Fed chairman expires on January 31, Yellen will become the first woman to run the Fed in its 100-year history and just one of a handful of women heading central banks globally. She is currently the Fed’s vice chair.

Jan 6, 2014

Yellen gets final stamp of approval to head U.S. Fed

WASHINGTON, Jan 6 (Reuters) – Janet Yellen, a key force
behind the Federal Reserve’s unprecedented and controversial
efforts to boost the U.S. economy, was confirmed by the Senate
on Monday to lead the central bank just as it begins to unwind
that stimulus.

When she succeeds Ben Bernanke, whose second four-year term
as Fed chairman expires on Jan. 31, Yellen will become the first
woman to run the Fed in its 100-year history and just one of a
handful of women heading central banks globally. She is
currently the Fed’s vice chair.

Jan 6, 2014

U.S. Congress begins new year as showdown on jobless benefits looms

WASHINGTON, Jan 6 (Reuters) – The U.S. Congress on Monday
began what promises to be another combative year by bracing for
a showdown over a White House-backed bill to renew unemployment
benefits for 1.3 million Americans.

A vote was expected at about 6:30 p.m. EST (23:30 GMT) on
whether to begin debating the measure. It has the support of
President Barack Obama’s fellow Democrats, who say the action is
needed to help the unemployed and their families, and protect
the U.S. economy.

Jan 5, 2014

U.S. Congress to begin 2014 with jobless benefits battle

WASHINGTON (Reuters) – The U.S. Congress begins what promises to be another highly combative year on Monday with a showdown over a White House-backed bid to renew unemployment benefits for 1.3 million Americans.

The battle will kick off a 2014 drive by President Barack Obama and fellow Democrats to stem a growing gap between rich and poor.

Dec 20, 2013

Yellen takes big step toward taking reins at Fed

WASHINGTON (Reuters) – Janet Yellen, an unwavering advocate of the Federal Reserve’s aggressive steps to boost the U.S. economy, on Friday took a big step toward becoming the first woman to chair the central bank as her nomination cleared a Senate procedural hurdle.

The Senate voted 59-34 to move forward with the nomination, indicating ample support for her confirmation. A final vote is set for January 6 when the Senate returns after a holiday break.

Dec 20, 2013

Yellen expected to win U.S. Senate test vote Friday to head Fed

WASHINGTON, Dec 20 (Reuters) – The Democratic-led U.S.
Senate is expected to wrap up its work for the year on Friday by
moving to clear President Barack Obama’s nomination of Janet
Yellen to head the Federal Reserve.

But under a bipartisan agreement reached on Thursday, the
Senate will not vote to confirm Yellen, now the Fed’s vice
chair, until Jan. 6, the day it returns for the new year. She
would replace Ben Bernanke, whose term ends in late January.

Dec 20, 2013

Fed chair pick Yellen faces Senate test vote on Friday

WASHINGTON (Reuters) – The Democratic-led U.S. Senate reset a test vote for Friday on President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve, with her confirmation expected on January 6.

Senate Democratic leader Harry Reid announced the dates late on Thursday as part of an end-of-year agreement with Republicans on a number of Obama’s pending nominees.

Dec 19, 2013

U.S. Senate sets rare Saturday vote on Fed pick Yellen

WASHINGTON (Reuters) – The Democratic-led U.S. Senate set debate to begin on Friday on President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve, with confirmation expected on Saturday.

Democrats had hoped to confirm on Yellen on Thursday or Friday, and then adjourn for the year. But they failed to get a time agreement with Republicans to speed up the process.

Dec 16, 2013

U.S. Senate approval of two-year budget deal likely this week

WASHINGTON (Reuters) – Conservatives in the U.S. Senate are unlikely to stop passage of a two-year budget bill this week, with some Republicans expected to join Democrats in the Senate in voting for the measure.

Senate Republican Leader Mitch McConnell and a number Tea Party-backed members, including Senators Ted Cruz of Texas, Marco Rubio of Florida and Rand Paul of Kentucky, are all likely to fight the deal, which was approved in a bipartisan vote of the U.S. House of Representatives last week.

Dec 12, 2013

U.S. Senate in around-the-clock session to confirm Obama nominees

WASHINGTON (Reuters) – The Democratic-led U.S. Senate approved four of President Barack Obama’s nominees on Thursday as an around-the-clock, confirmation merry-go-round entered its second day with Republicans unable to stop it because of a recent rule change.

The Democratic show of force is expected to come to a close on Saturday with the anticipated confirmation of a 10th Obama nominee in three days – Jeh Johnson to serve as secretary of the Department of Homeland Security.

    • About Thomas

      "Thomas Ferraro joined Reuters in 1998; he has helped cover a number of presidential campaigns and is a veteran of Capitol Hill where he has seen Democratic and Republican majorities rise and fall. He has also covered a number of Supreme Court confirmation battles, including those of four nominees now on the highest U.S. court."
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