After a lengthy and politically charged search, President Barack Obama has decided to nominate Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the powerful U.S. central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed’s monetary policies.
The price of oil fell Monday, edging off a two-year high as the likelihood of a U.S. attack against Syria appeared to diminish.
By Matthew Daly
President Barack Obama is hailing a last-minute deal that pulled the country back from the “fiscal cliff,” but warned that he “will not compromise” over his insistence that Congress lift the federal debt ceiling.
By Bryan McManus
Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States on Friday.
By Veronica Smith
US businesses shifted into hiring gear in January, creating jobs at the fastest clip in nine months, official data showed Friday amid signs the recovery from deep recession is gaining traction.