Originally published on Thu November 14, 2013 4:58 pm
Janet Yellen cleared a key hurdle Thursday, as her confirmation hearing to become the next chair of the Federal Reserve went smoothly. There were only a few snags in roughly two hours of questions and discussions between Yellen and members of the Senate banking committee.
Many of the senators lauded Yellen's extensive experience, as well as her adherence to views they heard her discuss in private meetings on Capitol Hill in recent weeks.
Originally published on Thu November 14, 2013 11:59 am
After admitting to smoking crack, to buying illegal drugs and to more than once being in a drunken stupor, it would seem like Toronto Mayor Rob Ford couldn't say anything else that would really shock anyone.
James "Whitey" Bulger has been sentenced to two terms of life in prison, to run consecutively, plus five years for his role in the murder of 11 people. Bulger, 84, is also being punished for racketeering and other crimes. Before announcing the sentence, U.S. District Judge Denise Casper read aloud the names of Bulger's victims.
LISTEN: The president's news conference and NPR coverage of it
President Obama announced Thursday that Americans who have had their health insurance plans canceled because of his Affordable Care Act can keep those plans for another year if they wish.
Those cancellations — most effective on Jan. 1 — have sparked intense criticism of the ACA, in part because the president pledged many times that if Americans liked the health plans they had, they wouldn't have to give them up under the terms of his program.
Originally published on Thu November 14, 2013 9:35 am
A Secret Service supervisor has been removed from his post on the team that protects President Obama and another supervisor has been shifted to a different position after allegations of misconduct that have "sent tremors through an agency still trying to restore its elite reputation," The Washington Post reports.
Originally published on Thu November 14, 2013 9:28 am
As Federal Reserve Vice Chairman Janet Yellen prepares to tell the Senate Banking Committee that she supports continuing the central bank's policy of buying billions of dollars' worth of bonds to boost the economy, there's fresh evidence that the relatively slow economic recovery continues to be ... relatively slow.
Originally published on Thu November 14, 2013 9:23 am
The Securities and Exchange Commission and the U.S. attorney's office in Brooklyn, N.Y., are looking into $1.8 million that JPMorgan Chase paid to a two-person firm in China from 2006 to 2008, The New York Times reports.