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Charity picks up tab for military death benefits

Charity picks up tab for military death benefits

The Obama administration, scrambling to tamp down a controversy over suspended death benefits for the families of fallen troops, announced Wednesday that a charity would pick up the costs of the payments during the government shutdown. “The Fisher House Foundation will provide the families of the fallen with the benefits they so richly deserve,” Defense […]

Obama nominates Janet Yellen to head the Federal Reserve

Obama nominates Janet Yellen to head the Federal Reserve

In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful central bank. Yellen, who currently holds the No. 2 spot at the Fed, would replace […]

Shutdown could halt disability payments to 3.8 million veterans

Shutdown could halt disability payments to 3.8 million veterans

About 3.8 million veterans will not receive disability compensation next month if the partial government shutdown continues into late October, Veterans Affairs Secretary Eric Shinseki told lawmakers Wednesday. Some 315,000 veterans and 202,000 surviving spouses and dependents will see pension payments stopped. Shinseki spelled out some of the dire consequences of a longer-term shutdown in […]

Obama plans yet another meeting with Republicans

Obama plans yet another meeting with Republicans

President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown. With the shutdown in its ninth day Wednesday and a potential economy-shaking federal default edging ever […]

Poll shows Americans blame Republicans for government shutdown

Poll shows Americans blame Republicans for government shutdown

Americans are holding Republicans primarily responsible for the partial government shutdown as public esteem sinks for all players in the impasse, President Barack Obama among them, according to a new poll. It’s a struggle with no heroes. The Associated Press-GfK survey, out Wednesday, affirms expectations by many in Washington — Republicans among them — that […]

Obama to nominate first woman to head Federal Reserve

Obama to nominate first woman to head Federal Reserve

President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry. Both Yellen and Bernanke […]

A hint of compromise hidden in Obama and Boehner’s hyperbole?

A hint of compromise hidden in Obama and Boehner’s hyperbole?

President Barack Obama and House Speaker John Boehner offered hints of possible compromise but also traded heated rhetoric Tuesday, a frustratingly inconclusive combination that left the eight-day partial government shutdown firmly in place and the threat of an unprecedented national default drawing closer. “There’s a crack there,” Boehner said of the impasse near the end […]

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