Mar 12, 2010 10:43AM

Yellen in line for Fed No. 2

San Francisco Federal Reserve Bank President Janet Yellen is the leading contender to be the next vice chairman of the central bank, a senior Obama administration official told CNN Friday.

Mar 12, 2010 10:18AM

Retail sales beat expectations

Retail sales rose in February, the government said Friday, surprising economists who expected a decline.

Mar 12, 2010 10:18AM

Health care: Going from broken to broke

A few nights ago in the historic Renaissance Grand Hotel in St. Louis, Mo., President Obama reassured a crowd of Senator Claire McCaskill supporters that health-care reform wouldn't just be good for their health, it would be good for the health of the country: "I said at the beginning of this thing we would not do anything that adds to our deficit," he said to the clapping audience. "This plan does not do anything to add to this deficit. And that's how we should be operating."

Mar 12, 2010 07:05AM

Exxon's growing reliance on expensive oil

Exxon Mobil outlined plans Thursday that rely heavily on oil from tough to reach places, extracting it from the depths of the ocean, the frozen Arctic and the tar sands in Canada's frozen tundra.

Mar 12, 2010 07:31AM

Give money to a jobless friend?

Dear Annie: I have a very close friend who's been out of work for almost a year now. He was my college roommate: I've known him for almost 20 years and, for about half that time, we worked at the same company. Then he got laid off. Last week one of my kids told me that my friend's youngest son missed out on a ski trip with the rest of his class because of the expense, even though the cost was minimal (to those of us with jobs).

Mar 12, 2010 11:35AM

Yellen called leading contender for Fed vice chair (Reuters)

Reuters - San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be nominated by President Barack Obama as vice chair of the central bank, a senior administration official said on Friday.

Mar 12, 2010 11:27AM

Retail sales rise as shoppers fight winter blues (Reuters)

Reuters - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.

Mar 12, 2010 11:14AM

Official: Obama wants Yellen as Fed vice chair (AP)

AP - President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration official said Friday.

Mar 12, 2010 11:00AM

US retail sales rise unexpectedly despite blizzards (AFP)

AFP - The storied American consumer braved blizzards and economic headwinds to shop in February, unexpectedly pushing up retail sales for the second straight month, official data showed Friday.

Mar 12, 2010 10:03AM

Feb. retail-sales report offers positive surprise (AP)

AP - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from racking up purchases. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.