Ben Bernanke faces a tougher path to winning a second term as chairman of the Federal Reserve after a Senate committee's 16-to-7 approval vote.
In picking Ben Bernanke as Person of the Year, Time magazine hopes to do better than the last time it anointed an economic mastermind.
The actions of the Federal Reserve and other policymakers have helped 'pull the economy back from the brink,' according to the Bernanke speech. One sign: The cost of last year’s bailouts is coming in lower than some forecasters had predicted.
At confirmation hearings for Fed Chairman Ben Bernanke Thursday, some senators decried bailouts of 'too big to fail' firms. Others said the economy would be in worse shape without the Fed’s actions.
Fed Chairman Ben Bernanke seeks confirmation to a second term, but Capitol Hill foes Bernie Sanders and Ron Paul say the Fed and its leader mismanaged the economy.
Regulations in a House financial bill would mean the most significant overhaul of the financial-services industry since the New Deal.
The House Financial Services Committee announced a plan Tuesday to give regulators tools needed to crack down on banks' risky behavior. It will be a tough job, experts say.
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.