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Senate confirms Yellen to chair US Federal Reserve

Former chairman of the Federal Reserve Alan Greenspan, left, talks with Janet Yellen, right, Vice Chair of the Board of Governors of the Federal Reserve and successor to current chairman Ben Bernanke, before taking their seat to participate in the ceremonial signing of a certificate commemorating the 100th anniversary of the signing of the Federal Reserve Act, Monday, Dec. 16, 2013 at the Federal Reserve Building in Washington. AP FILE PHOTO

The Senate confirmed Janet Yellen on Monday as the first woman to lead the United States Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases.

Posted: January 7th, 2014 in Latest Business Stories | Read More »

US Senate passes bill to avert ‘fiscal cliff’ tax hikes

Vice President Joe Biden speaks following a Senate Democratic caucus meeting about the fiscal cliff on Capitol Hill on Monday, Dec. 31, 2012 in Washington. AP/Alex Brandon

Coming together in the early hours of 2013, the US Senate overwhelmingly passed a last-gasp bill Tuesday to avert huge tax increases and draconian spending cuts making up the so-called “fiscal cliff.”

Posted: January 1st, 2013 in Latest Business Stories,Photos & Videos | Read More »

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