Janet Yellen was expected to be confirmed Monday night as the first woman to lead the Federal Reserve as the Senate neared a final vote on her nomination. Yellen, 67, would replace Ben Bernanke as the chairwoman of the Fed.
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The Senate is considering legislation to extend federal jobless benefits. It has backing from the White House, but has met resistance from Senate Republicans, who are balking at the estimated $6.5 billion that the three-month extension would cost.
Just two months after Twitter’s IPO, Morgan Stanley analyst Scott Devitt said Twitter would fall short in a battle for online advertising dollars against Facebook and Google.
