A congressional committee voted Wednesday to refer former IRS official Lois Lerner to the Justice Department for potential criminal prosecution, citing e-mails that suggest Lerner might have targeted Karl Rove's Crossroads GPS. Another committee could act Thursday.
Private-sector jobs, which plummeted in the recession, are at last back to 2008 levels, the Labor Department's jobs report for March shows. But public-sector jobs are down, more people want to work, and average hourly wages haven't budged.
The IRS is tasked with enforcing Obamacare's penalties and policing its subsidies. Problem is, it was already stretched. IRS officials are confident they can handle the load, but it will be tough, experts say.
Janet Yellen and the Fed suggest no rate hike until 2015. And even once the Fed starts moving to raise short-term interest rates, it expects the upward path of rate hikes to be slow, Janet Yellen said.