Congress passes $1.1 trillion spending bill

Last Updated: Friday, January 17, 2014, 11:09

The US Senate has passed the USD 1.1 trillion omnibus spending bill that eliminates the threat of another government shutdown at least until October and puts conditions on Pakistan for continuation of aid.

Benghazi attack was preventable, says Senate report

Last Updated: Thursday, January 16, 2014, 13:45

In a highly critical report, a Senate committee has said the deadly attack on the American Consulate in Benghazi, Libya, could have been prevented and blamed the State Department, the intelligence and even late US envoy Chris Stevens for missing obvious warning signs.

US Senate committee says Benghazi attacks preventable

Last Updated: Thursday, January 16, 2014, 04:22

US Senate Intelligence Committee released report on 2012 Benghazi, Libya assault, blaming Chris Stevens for failing to communicate and heed warnings of terrorist activity in the area.

US Congress unveils $1 trillion spending bill

Last Updated: Tuesday, January 14, 2014, 14:33

Negotiators from the US Senate and House of Representatives unveiled a USD 1 trillion spending bill, eliminating the threat of another government shutdown, at least until October.

US Senate advances unemployment benefits extension bill

Last Updated: Wednesday, January 8, 2014, 05:31

The US Senate on Tuesday voted to advance the unemployment benefits extension bill, clearing procedural hurdle for the legislation.

Janet Yellen: world`s most powerful central banker

Last Updated: Tuesday, January 7, 2014, 11:34

The US Senate`s approval on Monday of Janet Yellen to lead the US Federal Reserve puts a woman at the head of the world`s most powerful central bank for the first time.

Factbox: The ins and outs of Yellen's 'optimal control' policy path

Last Updated: Tuesday, January 7, 2014, 05:39

Yellen first talked publicly about an optimal control path for rates in a June 2012 speech. But the idea of a mathematical model to summarize policy trade-offs -- in this case between unemployment and inflation -- is common to economics.

Factbox: Five facts about next US Fed chief Yellen

Last Updated: Tuesday, January 7, 2014, 05:30

Yellen, 67, would be the first woman to head the Fed and one of the few to lead a central bank of a major economy.

Factbox: Yellen on rates, regulation, communication revolution

Last Updated: Tuesday, January 7, 2014, 05:21

The U.S. central bank has held benchmark interest rates near zero for five years and quadrupled its balance sheet to about USD 4 trillion through three massive bond-buying programs.

Factbox: Policy challenges loom as Yellen prepares to lead Fed

Last Updated: Tuesday, January 7, 2014, 05:08

When Yellen, an accomplished economist and the Fed's current vice chair, takes the reins on February 1 she will face a series of delicate policy challenges, starting with how quickly to wind down the Fed`s aggressive bond-buying campaign.

Janet Yellen gets final approval to head US Federal Reserve

Last Updated: Tuesday, January 7, 2014, 04:48

Janet Yellen, a key force behind the Federal Reserve`s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus.

Dick Cheney`s daughter Liz exits US Senate race

Last Updated: Monday, January 6, 2014, 23:10

Liz Cheney, the oldest daughter of former vice president Dick Cheney, on Monday said she is abandoning her US Senate bid, citing "serious health issues" in her family.