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Politics: Congress' to-do list could require time it doesn't have

Politics: Congress' to-do list could require time it doesn't have

The good news for the U.S. Congress is that members have the month of December to complete their laundry list of items -- including a farm bill, food stamps, a budget for the fiscal year that began Oct. 1, a slew of presidential nominations, possibly revisiting unemployment benefits, maybe take up imposing more sanctions on Iran -- before 2014.
NICOLE DEBEVEC, United Press International
Chinese finance firms banned from Bitcoin

Chinese finance firms banned from Bitcoin

Dec. 5 (UPI) -- The People's Bank of China on Thursday barred financial institutions from deposits and trusts of the Bitcoin virtual currency, but this isn't stopping Chinese merchants from taking Bitcoin transactions.
Sonali Basak
CEO optimism rises to highest in two years, after falling in September

CEO optimism rises to highest in two years, after falling in September

Dec. 4 (UPI) -- U.S. CEOs are optimistic and sales and hiring outlooks rise, and Boeing chief McNerney thinks the economy is taking off a greater speed.
Sonali Basak
Senate committee approves Yellen's nomination as Fed chairwoman

Senate committee approves Yellen's nomination as Fed chairwoman

WASHINGTON, Nov. 21 (UPI) -- The Senate Banking Committee Thursday approved Janet Yellen's nomination to serve as the first U.S. Federal Reserve chairwoman with a 14-8 vote.
Janet Yellen approved by Senate committee

Janet Yellen approved by Senate committee

Nov. 21 (UPI) -- Janet Yellen was approved by the Senate Banking Committee Thursday as President Barack Obama's nominee to lead the Federal Reserve, sending her confirmation to a full Senate vote.
Gabrielle Levy
Fed minutes report "alternative actions" to stimulus

Fed minutes report "alternative actions" to stimulus

Nov. 20 (UPI) -- The Federal Reserve continues to support the economy through its stimulus program, but it's developing an alternative outlook, according to the latest Federal Open Market Committee report.
Sonali Basak

Yellen's next step to heading Fed Reserve is Senate banking panel

WASHINGTON, Nov. 18 (UPI) -- Janet Yellen, on track to become the first woman Federal Reserve chief, will likely move a step closer Thursday when a Senate panel votes on her nomination.
Bitcoin prices hit all-time high approaching Senate hearing

Bitcoin prices hit all-time high approaching Senate hearing

Nov. 18 (UPI) -- Bitcoin prices surge more than 25 percent to $619 Monday as top officials testify on behalf of the virtual currency's legitimacy.
Sonali Basak

Crude oil closes flat Friday

NEW YORK, Nov. 15 (UPI) -- Crude oil prices were flat in New York Friday, holding under $94 per barrel while equity markets aimed for new closing highs.
Stocks climb with Yellen's support

Stocks climb with Yellen's support

NEW YORK, Nov. 14 (UPI) -- Investors reacted favorably to Federal Reserve Vice Chairwoman Janet Yellen's testimony at a nomination hearing Thursday, sending stocks higher on Wall Street.
U.S. stocks edge upward; Dow hits record high

U.S. stocks edge upward; Dow hits record high

(UPI) -- The Dow closed at its 35th record high Monday after wavering throughout the day. Still, investors were cautious as they speculated on the Federal Reserve's monetary policy.
Sonali Basak
Federal Reserve leaves monetary policy as is

Federal Reserve leaves monetary policy as is

WASHINGTON, Oct. 30 (UPI) -- The U.S. Federal Reserve left its fiscal policy intact Wednesday despite stating that the economy was in better shape than it was a year ago.

The almanac

UPI Almanac for Thursday, Oct. 24, 2013.
By United Press International
Bad news boosts stocks

Bad news boosts stocks

NEW YORK, Oct. 22 (UPI) -- U.S. stocks rose Tuesday after a disappointing employment situation report was viewed as cause for the Federal Reserve to keep its easy money policies intact.
Bernanke excused from testifying in AIG lawsuit

Bernanke excused from testifying in AIG lawsuit

WASHINGTON, Oct. 16 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke has been excused temporarily from testifying in court about the Fed's role in the AIG bailout, a federal court ruled.
Markets mixed Wednesday

Markets mixed Wednesday

NEW YORK, Oct. 9 (UPI) -- U.S. markets were mixed Wednesday despite news President Barack Obama has chosen an advocate of quantitative easing as the next chair of the Federal Reserve.
Obama formally nominates Yellen to head Fed

Obama formally nominates Yellen to head Fed

WASHINGTON, Oct. 9 (UPI) -- President Obama Thursday formally nominated Janet Yellen to head the Federal Reserve, calling her "one of the nation's foremost economists."
Crude oil prices drop on inventory report

Crude oil prices drop on inventory report

NEW YORK, Oct. 9 (UPI) -- Crude oil prices dropped 2 percent Wednesday, sliding under $102 per barrel after an inventory report showed growing stockpiles.
Report: Obama set to name Janet Yellen to head Federal Reserve

Report: Obama set to name Janet Yellen to head Federal Reserve

WASHINGTON, Oct. 8 (UPI) -- U.S. President Barack Obama is set to announce his intention to nominate Janet Yellen as the Federal Reserve's new head, The Wall Street Journal reported.
New York Fed President Dudley not ready to withdraw policy

New York Fed President Dudley not ready to withdraw policy

NEW YORK, Sept. 23 (UPI) -- New York Federal Reserve President William Dudley said Monday that gains in the labor market were not convincing enough to change central bank monetary policy.
Analysts say Fed may have lost credibility this week

Analysts say Fed may have lost credibility this week

NEW YORK, Sept. 20 (UPI) -- The U.S. Federal Reserve's most recent policy decision may have cost the central bank some of its credibility, analysts on Wall Street said.

Easy money is narcotic

COLLEGE PARK, Md., Sept. 20 (UPI) -- Easy money is a painkiller, not a cure.
PETER MORICI, UPI Outside View Commentator
Warren Buffett picks Bernanke for third term as Fed chairman

Warren Buffett picks Bernanke for third term as Fed chairman

WASHINGTON, Sept. 19 (UPI) -- Billionaire investor Warren Buffett, the so-called Oracle of Omaha, said his pick to succeed U.S. Federal Reserve Chairman Ben Bernanke is -- Ben Bernanke.

Fed maintains asset purchases policy, stocks spike

WASHINGTON, Sept. 18 (UPI) -- The U.S. Federal Reserve said Wednesday it will keep its current monetary policy in place, a decision that sent stock markets soaring.
Bernanke, Fed employment focus spurs markets

Bernanke, Fed employment focus spurs markets

WASHINGTON, Sept. 18 (UPI) -- Stock prices jumped Wednesday after the Federal Reserve Board and Fed Chairman Ben Bernanke said they will not alter current policy on promoting employment.
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