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Today's News
Obama relying on untested oversight board on NSA
1 hour, 49 minutes ago
The obscure Privacy and Civil Liberties Oversight Board that President Barack Obama said will meet with him to discuss the National Security Agency's secret surveillance program was itself meeting Wednesday behind closed doors. The oversight board's meeting was its first since revelations that the NSA secretly has been collecting phone data about millions of Americans and Internet records that are aimed at foreign users but also sometimes sweep up materials from inside the U.S.
AP Top Extended Financial Headlines At 4 p.m. EDT
1 hour, 41 minutes ago
Bernanke declines to address his future at the Fed, says he wants focus to be on policy Bernanke: Fed could reduce pace of bond purchases later in year, if economy keeps improving
AP Top Financial News At 4 p.m. EDT
1 hour, 41 minutes ago
Bernanke declines to address future at the Fed Stock market falls as traders fear end of stimulus Bernanke: Fed could reduce bond buys this year
Fed suggests it's closer to slowing bond purchases
1 hour, 49 minutes ago
Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve. The Fed's bond purchases have helped keep long-term interest rates at record lows. Bernanke said the reductions would occur in "measured steps" and that the purchases could end by the middle of next year. By then, he said he thought unemployment would be around 7 percent.
