On Thursday, November 21, the Senate Banking Committee will take a vote on whether or not Janet Yellen, President Barack Obama’s nominee to succeed Federal Reserve Chairman Ben Bernanke, will in fact get one step closer to taking over as head of the nation’s central bank on January 31.
Despite continued uncertainty over the future of the national economy, stocks have been climbing higher and breaking records on Wall Street over the week ending November 15.
On Thursday, November 14, President Barack Obama offered the beleaguered American public something of a mea culpa when he admitted before the press that the rollout of his “landmark” health care reform bill was far from perfect – to put it kindly.
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The effects of the 16-day government shutdown back in October have so far been large and varied, though many economists fear that much of the long-term damage from Congress’ bout of inaction is still yet to be determined.
By placing Massad as the head of the CFTC, the president is expected to use his the former TARP head’s high profile to urge congress to fully support this extremely thinly funded CFTC.
When it was announced earlier in the year that US Airways Group Inc. and American Airlines would merge, it appeared that the world’s largest airline – by a very large margin – would soon be taking a stranglehold over the industry.
According to the latest housing demand report from real estate industry analytics group Redfin, autumn 2013 seems to be bucking annual trends in terms of how many Americans are looking at new properties.
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Economic analysts across the country were stunned Thursday, November 7, when the Commerce Department released its third quarter National Income and Product Accounts Gross Domestic Product Report.