Yellen signals first Fed rate hike likely in 2015
Federal Reserve Chair Janet Yellen told Congress that improvements in the economy after a harsh winter could make a rate rise feasible later in the year. She stressed the timing is not the focus, but inflation and labor market progress must meet the 2 percent target as unemployment fell to 5.3 percent and long-term joblessness declined.
MENTIONED IN THIS ARTICLE
Washington Federal Reserve
Janet Yellen
Fed
Yellen
Congress
House Financial Services Committee
Federal Reserve
Capitol Hill
Washington
House votes to extend highway aid with short term bill
The House passed an 8 billion dollar five month measure to keep highway and mass transit funding flowing through December 18 while a longer term bill is pursued. The vote was 312 to 119 with Republicans in the Senate weighing a longer plan and potential savings options totaling about 80 billion dollars.
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Washington
House
Senate Republicans
Bill Shuster
R-Pa
House Transportation and Infrastructure Committee
Senate
Harry Reid
Nevada
Federal Reserve
Obama Defense of Iran Deal Sharp and Detailed
President Obama defended the Iran nuclear deal at a White House news conference arguing diplomacy is the only alternative to war. He framed the accord as a pivotal chance to prevent Tehran from obtaining a bomb while acknowledging sanctions relief and ongoing concerns from Israel and congressional Republicans.
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Washington
Barack Obama
Tehran
Iran
Obama
White House
U.S
Israel
Benjamin Netanyahu
Netanyahu
Congress
Democratic Party
Joe Biden
Capitol Hill
House
East Room
Middle East
Hezbollah
Russia
China
United Nations
President rebuffs calls to strip Cosby of Medal of Freedom
President Barack Obama rejected revoking Bill Cosby’s Presidential Medal of Freedom citing no mechanism for such action. He condemned rape and said the country should have zero tolerance for nonconsensual drugging and sex, while pending legal matters limited comment on specific accusations. Cosby, 77, has never been charged and court records show a 2005 under oath admission regarding alleged consent.
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Washington
Barack Obama
Bill Cosby
Obama
Cosby
Associated Press
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Aews
Othe
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Ademate Oom
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Tacus
Seung
Seemma
Santa FE Square
Odessa
Oapa.com
Lowe's Marketplace
Dickey's
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Dickeys
Lowe's
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