The Federal Reserve is ready to take further action — including the purchase of Treasury bonds — "to provide support for the economy," the Chairman of the Fed Ben Bernanke said during a press conference.
Bernanke also said that the members of the Federal Open Market Committee had "marked down" their outlooks on the economy.
Most expect there to be little change in the unemployment rate through the end of the year. The consensus, said Bernanke, is that the Fed expects "slow progress" on unemployment and most opinions are "weighted toward slower growth" on the GDP.
This is TALK OF THE NATION. I'm Neal Conan in Washington. Forty years after Watergate, President Obama cites executive privilege. Rubio's out that he's in again, and after baseball phenom Bryce Harper leads off, Harry Reid hits second. It's Wednesday and time for a...
UNIDENTIFIED MAN: That's a clown question, bro...
CONAN: Edition of the Political Junkie.
PRESIDENT RONALD REAGAN: There you go again.
VICE PRESIDENT WALTER MONDALE: When I hear your new ideas, I'm reminded of that ad: Where's the beef?
Controversy erupted in 2009 when the Texas State Board of Education debated changes to the state's textbooks that centered on the teaching of evolution.
The Revisionaries documents the Board of Education's contentious battle, focusing in large part on Don McLeroy — a young-earth creationist and, at the time, chairman of the Texas Board of Education. The film is being screend at the American Film Institute's Silverdocs Film Festival.
The latest round of high-level negotiations over Iran's nuclear ambitions ended Tuesday without an agreement. After the failure of talks that President Obama called Iran's "last chance," some wonder whether or not Israel or the United States may now opt for military force.
The defense in the Jerry Sandusky trial rested today without calling the former Penn State assistant football coach to testify, perhaps because he did not help his cause in media interviews after charges surfaced last November. Here's part of his interview with Bob Costas on NBC.