When the Federal Reserve explained its decision to keep pumping money into the financial system, it pointed to stubbornly high unemployment.
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That has long been a concern for the number two official at the Fed, Janet Yellen. She is now considered the leading candidate to replace Ben Bernanke, when he steps down as Fed chairman. His term expires in January.
This is MORNING EDITION from NPR News. I'm Renee Montagne.
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Sandy Phillips will travel this week from her home in Texas to Washington, D.C. She was on her way to lobby for gun legislation. She expected to testify at a congressional hearing but it was canceled due to the shooting at the Washington Navy Yard. Phillips stayed in Washington anyway.
So how many senators or representatives have you met?
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
On Capitol Hill today, a rare acknowledgement from lawmakers that they are partly to blame for the country's crowded prisons. Senator Patrick Leahy, a Vermont Democrat, opened a Senate Judiciary Committee hearing this way.
SENATOR PATRICK LEAHY: We must reevaluate how many people we send to prison and for how long.
SIEGEL: Leahy wants to dial back the long prison sentences that Congress approved during the war on drugs and he's got some surprising allies.
That threat of a government shutdown or worse, default, is taking a toll on the country's businesses. Half of the CEOs surveyed by the Business Round Table say the gridlock in Washington is making them less likely to hire. Today, President Obama tried to enlist business leaders in a campaign to press Congress. Their message: Keep the government open and raise the debt ceiling. NPR's Scott Horsley has the story.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel. We have said this before and in the next week and a half you're likely to hear it repeated. If Congress does not act, the government will shut down on October 1st. Today, House Speaker John Boehner unveiled a new strategy designed more to appease the hardliners in his own conference than to avoid a shutdown.
Originally published on Wed September 18, 2013 3:36 pm
As House Republican leaders acquiesce to their Tea Party faction and tie a government spending renewal to the defunding of Obamacare, don't look for much cheering from the Senate minority leader's office.
That's because what had largely been House Speaker John Boehner's problem now becomes Kentucky GOP Sen. Mitch McConnell's problem — at least for the next steps of this drama.