Archives for November 2015

Yellen talks about prospect of rate hike at December Fed meeting

When the Federal Reserve meets again in mid-December, Chair Janet Yellen said Wednesday that an interest rate hike would be a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending. At their meeting last week, policymakers believed that the threat of global headwinds had ebbed, Yellen said. What she and others want to see is the economy growing at a strong enough pace to add jobs and push inflation toward the Fed’s 2 percent target.

Obama signs two year budget bill into law

President Barack Obama on Monday signed into law a bipartisan budget bill that avoids a catastrophic U.S. default and puts off the next round of fighting over federal spending and debt until after next year’s presidential and congressional elections. Obama praised the rare bipartisan cooperation behind the deal, saying that 2-year agreement that funds the government through the 2017 fiscal year.

Two arrested in Vatican probe

A Spanish priest and an Italian laywoman who had served on a financial reform commission set up by Pope Francis have been arrested in the probe into yet another leak of confidential information and documents, the Vatican said Monday. A statement from the Holy See’s press office said that Vatican prosecutors on Monday upheld the arrests of the two, who had been interrogated over the weekend.