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AP Source: Obama wants Yellen as Fed vice chair (AP)

March 12th, 2010 | Comments Off | Posted in business
AP - President Barack Obama intends to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, a person familiar with the selection said Friday.

Senators question $1 million pay for charity’s CEO (AP)

March 12th, 2010 | Comments Off | Posted in business

FILE - In this Feb. 24, 2010, file photo, Sen. Chuck Grassley, R-Iowa., arrives to vote on the Senate Jobs Bill on Capitol Hill in Washington. A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys  Girls Clubs of America, raising issues that could jeopardize millions in federal funding for the national charity. 'The question is whether or not a very top-heavy organization might be siphoning off federal dollars that should be going to help kids,' said Grassley, the top Republican on the Senate Finance Committee. (AP Photo/Harry Hamburg, File)AP - A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys Girls Clubs of America, raising issues that could jeopardize millions in federal funding for the national charity.


Democrats pare differences over health overhaul (AP)

March 12th, 2010 | Comments Off | Posted in business

Senate Majority Leader Harry Reid of Nev., left, along with Gina Owens from Seattle, Wash.,left,  whose daughter, Tiffany Owens died after losing her job and health care,  Senate Majority Whip Richard Durbin of Ill. center, and others, arrive for a health care news conference on Capitol Hill in Washington, Thursday, March 11, 2010. (AP Photo/Harry Hamburg)AP - Top Democrats say they are resolving disputes over President Barack Obama's health overhaul plan, but they face decisions on subsidizing coverage and are still hunting votes to push the vast package through Congress.


Lawmakers probe lax enforcement of animal rules (AP)

March 12th, 2010 | Comments Off | Posted in business

FILE - In this Jan. 30, 2008, file photo, a worker throws a piece of meat among cattle carcass scraps dropped into a truck at the Hallmark Meat Packing slaughterhouse in Chino, Calif.  In May 2008, the Agriculture Department banned the slaughter of cows too sick or weak to stand, since so-called 'downer' cows pose an increased risk for mad cow disease, E. coli and other infections. That change came in the wake of the nation's largest beef recall, after the Humane Society of the United States released another video in early 2008 showing the abuse of downers at Hallmark Meat Co. (AP Photo/Damian Dovarganes, File)AP - The knives at the slaughterhouse weren't properly sanitized, a government investigator said, and employees at the meatpacking plant didn't know how to test the carcasses of days-old veal calves for a dangerous pathogen. Food safety conditions were so poor at the Vermont processing facility that it should close before someone got sick, officials warned.


Obama pushes trade initiative as jobs helper (AP)

March 11th, 2010 | Comments Off | Posted in business

President Barack Obama arrives to speak at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak)AP - President Barack Obama sought Thursday to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. But doubts remain about how many net jobs his trade agenda will create mdash; and how he will get it done.


US criticizes China’s domestic, economic policies (AP)

March 11th, 2010 | Comments Off | Posted in business

President Barack Obama speaks at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak)AP - The Obama administration accused China on Thursday of abusing its citizens' rights and maintaining currency policies that cost millions of U.S. jobs, a double-barrel attack that comes amid a growing willingness to confront and even antagonize the Asian power.


Dodd to offer his own financial regulation bill (AP)

March 11th, 2010 | Comments Off | Posted in business

In this March 8, 2010 photo, a sign for Wall Street is shown near the New York Stock Exchange. Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.(AP Photo/Mark Lennihan)AP - With one eye on the calendar and the other on elusive bipartisanship, Senate Banking Committee Chairman Christopher Dodd plans to offer his own version of a sweeping overhaul of financial regulations without Republican support.


Gov’t may seek more authority on vehicle safety (AP)

March 11th, 2010 | Comments Off | Posted in business

National Highway Traffic Safety Administrator David Strickland testifies on Capitol Hill in Washington, Thursday, March 11, 2010, before the House Commerce, Trade and Consumer Protection subcommittee hearing on NHTSA Oversight. (AP Photo/Harry Hamburg)AP - Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements in response to Toyota's recall of more than 8 million vehicles over brake and acceleration problems.


Senate seeks to boost regional airline safety (AP)

March 11th, 2010 | Comments Off | Posted in business
AP - The Senate is pushing to strengthen pilot training and hiring requirements in an effort to improve the safety of regional airlines, a problem exposed by an air crash last year that killed 50 people.

Obama details plans to boost exports, create jobs (AP)

March 11th, 2010 | Comments Off | Posted in business

President Barack Obama speaks at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak)AP - President Barack Obama sought Thursday to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. But doubts remain about how many net jobs his trade agenda will create mdash; and how he will get it done.