That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100year history. Yellen called for unity among a fed divided to continue extraordinary and controversial policies. The fed has power
Shutdown. Shutdown. Shutdown. Shutdown. The Government Shutdown. The shutdown is bleeding into the debt krechlgt ceiling. This isnt about me and frankly not about republicans. We cant raise the debt ceiling. For even the shormetest deal. The gop is considering defaulting. On the full faith and credit of the United States. Did you [ bleep ] hear that . You cannot do this. It would disrupt markets. The nation freaks out. There is nothing fiscally responsible. Defaulting on the death is like for frz a the dramatics are ramping up in washington. The wall street journal. Paul ryan. Paul ryan emerged from hiding. For a pitch for a debt deal. These, use have been talked about before. Some of the things democrats have already put on the table. Whether ryan and boehner can sell the idea. This is about the Republican Party. To their own conference. This is what it is about. The fight for the Republican Party continues. The reckless and irresponsible standoff over the debt ceiling created by frig
The newest member says the company is designed to win but does it have the right strategy to stay a step ahead of the rivals . That and more for nightly Business Report for wednesday, october 9th. Good evening everyone im tyler mathisen. Im sue herrera in for susie gharib tonight. A historic day for washington and the u. S. Economy, as expected president obama nominated janet yellen currently vice chairman of the Federal Reserve to head up the nations bank. If her nomination passes in the senate and its likely to, shes expected to continue the easy money bond buying by ben bernanke and thats what people on wall street want who is janet yellen . Whats her record for the fed . Does her appointment mean for your money . Steve liesman takes a closer look at the woman who would be chairman. Reporter president obama in a historic announcement nominated janet yellen to become the first female of the reserve putting an economist in the hot seat at one of most controversial moments in the 100ye
Ceiling. For even the shortest deal. The gop is considering defaulting. On the full faith and credit of the United States. Did you [ bleep ] hear that . You cannot do this. It would disrupt markets. The nation freaks out. There is nothing fiscally responsible. Defaulting on the death is like the dramatics are ramping up in washington. The wall street journal. Paul ryan. Paul ryan emerged from hiding. For a pitch for a debt deal. These, use have been talked about before. Some of the things democrats have already put on the table. Whether ryan and boehner can sell the idea. This is about the Republican Party. To their own conference. This is what it is about. The fight for the Republican Party continues. The reckless and irresponsible standoff over the debt ceiling created by frighteningly ignorant and childish republicans is already harming the country and causing increased Government Spending. Thats right. During the days of the Government Shutdown, while the buffoons who shut it down
Unimportant prerecession peak. Has beenng system recapitalized and the Financial System is safer. When the economy was in freefall in late 2008 and early 2009, such improvement was far from certain, as indicated at the time by stock prices that were nearly 60 below credit levels and very wide credit spreads. Despite this progress, the recovery clearly remains incomplete. At seven percent, the Unemployment Rate is still elevated. The number of longterm unemployed remains unusually high, and other measures of labor utilization have improved than the Unemployment Rate. Labor force participation continues to decline, and although some of this reflects of itterm trends, some likely reflects potential discouragement about job prospects. In retrospect, many of the factors that held back the be identified. Some of these factors were difficult or impossible to anticipate, such as the european sovereign debt crisis and the effects of natural disasters in japan and elsewhere. Other factors were m