Politics

5:03am

Wed October 9, 2013
Politics

Obama To Nominate Yellen To Lead Federal Reserve

The White House says President Obama will nominate Janet Yellen as the new head of the Federal Reserve Board. She has been a key player in the Fed's efforts to bring the economy back from the Great Recession. If confirmed, she would succeed Ben Bernanke.

4:44am

Wed October 9, 2013
Politics

Obama, Boehner Stake Out Positions On Shutdown

Originally published on Wed October 9, 2013 5:49 am

President Obama made his case for reopening the government and raising the debt ceiling at a White House news conference Tuesday afternoon. It was his first news conference in several weeks. House Speaker John Boehner spoke at the Capitol for about five minutes.

4:44am

Wed October 9, 2013
Business

Treasury Officials Mull Credit Default Solutions

Originally published on Wed October 9, 2013 5:44 am

The Treasury Department says it will begin running out of money to pay its bills by Oct. 17, if the partial government shutdown isn't over by then. That prospect worries the financial markets. Treasury debt plays a fundamental role in the global economy, and economists agree that a debt default would have dire consequences. But some Republicans insist that a default doesn't have to happen.

2:58am

Wed October 9, 2013
It's All Politics

Booker Gets A Run For His Money In N.J. Senate Race

Originally published on Wed October 9, 2013 9:22 am

Democrat Cory Booker (left) and Republican Steve Lonegan stand together after their first debate in the race for U.S. Senate on Oct. 4 in Trenton, N.J.
Mel Evans AP

Cory Booker, the celebrity mayor of Newark, N.J., was expected to cruise to victory in the special election to fill the U.S. Senate seat of the late Frank Lautenberg. But just a week before voters go to the polls, he's facing a surprisingly strong challenge from Tea Party favorite Steve Lonegan.

The race was supposed to be a mismatch: Booker, the Democrat, and his 1.4 million Twitter followers versus the Republican former mayor of Bogota, N.J. — population 8,000.

But no one told Lonegan.

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7:35pm

Tue October 8, 2013
The Two-Way

Obama Will Tap Janet Yellen As Fed Chairwoman

Originally published on Tue October 8, 2013 7:53 pm

Federal Reserve Vice Chair Janet Yellen speaks at an international monetary conference in Shanghai on June 3, 2013.
Peter Parks AFP/Getty Images

The White House says President Obama intends to nominate Federal Reserve Vice Chairwoman Janet Yellen to chair the Federal Reserve, once Ben Bernanke completes his term in January.

If confirmed, Yellen, 67, would be the first woman to head the American central bank.

Obama is scheduled to make the announcement at 3 p.m. ET. Wednesday.

The Wall Street Journal reports:

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6:41pm

Tue October 8, 2013
It's All Politics

Shutdown Diary: Obama Takes On The Default Deniers

Originally published on Tue October 8, 2013 8:30 pm

At a Tuesday news conference, President Obama underscored Democrats' refusal to negotiate with Republicans on bills to reopen the government and raise the debt ceiling.
Charles Dharapak AP

On Day 8 of the federal government's partial shutdown, President Obama called House Speaker John Boehner. But the morning phone call produced no movement toward resolution, according to readouts by aides to both men.

Here are some of Tuesday's news highlights:

President Obama

Obama gave his first lengthy press conference since early August, answering questions for more than an hour.

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6:27pm

Tue October 8, 2013
It's All Politics

Does Where You Shop Depend On Where You Stand?

Originally published on Wed October 9, 2013 10:19 am

A composite image of a Whole Foods in Providence, R.I., and a Cracker Barrel in Springville, Utah.
Steven Senne/AP and George Frey/Landov

The federal government shutdown is now in its second week, and one big reason for the division in Washington is the growing divide between different kinds of voters back home. Those differences make news on Election Day, but they're visible every day.

Members in both parties find less and less common ground, in part because their constituents have such contrasting notions of government's proper role. And those contrasting visions often coincide with contrasting lifestyles — evident in many of the choices they make.

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5:00pm

Tue October 8, 2013
Politics

Sen. Warner On Why A Moderate Coalition Is Tough To Pull Off

Originally published on Tue October 8, 2013 7:24 pm

Robert Siegel interviews Sen. Mark Warner (VA-D), about why it's so hard to pull together moderate Democratic and Republican senators together to try and come up with ideas for ending the government shutdown and to avoid government default.

5:00pm

Tue October 8, 2013
Politics

Shutdown Stalemate Continues In Dueling Press Conferences

Originally published on Tue October 8, 2013 7:24 pm

House Republicans had a closed door meeting this morning, and emerged with the same talking point they've used all week: They just want to negotiate with the president. President Obama quickly gave his response: He will not negotiate over the government shutdown or the debt ceiling.

5:00pm

Tue October 8, 2013
Politics

Obama: End Shutdown, Raise Debt Ceiling, Then We'll Talk

Originally published on Tue October 8, 2013 7:24 pm

President Obama held a news conference at the White House Tuesday to urge Republicans to vote on a bill to reopen the government, saying it was time to focus on the next issue: raising the debt ceiling.

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