Senate Republicans boycott committee vote on Biden's Federal Reserve nominees
CBSN
Senate Republicans are blocking all President Biden's nominees for the Federal Reserve from advancing as they raise questions over his pick to be the top banking regulator. In a statement early Tuesday, ranking member Pat Toomey announced Republicans would not attend the meeting, meaning Democrats would not have the quorum necessary to hold the votes.
The Senate Banking Committee was forced to delay votes Tuesday on advancing the nominations of Jerome Powell to serve a second term as chairman of the Federal Reserve and Lael Brainard as vice chair. The committee was also supposed to move forward with the nominations of Sarah Bloom Raskin as vice chair of supervision and Lisa Cook and Philip Jefferson as members of the Board of Governors.
Democrats warned the boycott could hurt American workers amid soaring inflation and hamper the recovery from the pandemic. But Republicans skipped the meeting over one specific nominee – President Biden's choice of Raskin as the Fed's top banking regulator, responsible for developing regulatory policy recommendations.
The Federal Trade Commission asked a federal judge on Wednesday to delay a trial in a case accusing Amazon of using deceptive practices in its Prime subscription program, citing staffing and budgetary challenges at the government agency.
Oliver Miller, a beefy center who helped Arkansas advance to the Final Four before playing nine seasons in the NBA, has died. He was 54.
Nevada prosecutors say 20 people have been charged in connection with a brawl at a maximum-security prison in eastern Nevada last year in which three inmates were killed and others were injured.
The nominee for a top Justice Department job has left a digital trail of deleted social media posts that his critics say suggest fringe views on a number of issues, including an openness to defying court orders and acceptance of arranged marriages under certain circumstances.
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Waterbury, Conn. — A Connecticut man who said he was held captive for 20 years was rescued after setting fire to his room and telling first responders he did it to gain his freedom, police said Wednesday.
Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.
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Washington — Less than two months since President Trump's inauguration, the Republican-led Senate has confirmed nearly every one of his Cabinet nominees.
The Environmental Protection Agency on Wednesday said it would "formally reconsider" a landmark 2009 finding by the agency that greenhouse gases are a danger to public health.
Another norovirus outbreak sickened passengers on board the cruise ship Coral Princess in February, marking the second outbreak this year on the ocean liner operated by Princess Cruises, according to the Centers for Disease Control and Prevention.