Mark Memmott

Bernanke Hints That The Economy Still Needs Help

Mark Memmott — Wed, 22 May 2013 15:37:00 +0000

In the nearly impenetrable language that comes with his job, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economy is doing better, the central bank needs to keep giving it a boost.

The key passage from his prepared testimony:

"Recognizing the drawbacks of persistently low rates, the FOMC actively seeks economic conditions consistent with sustainably higher interest rates.

'I Have Not Done Anything Wrong,' Key IRS Official Says

Mark Memmott — Wed, 22 May 2013 15:33:00 +0000

"I have not done anything wrong. I have not broken any laws.

Man Killed By FBI In Florida Was Linked To Boston Suspect

Mark Memmott — Wed, 22 May 2013 13:25:00 +0000

In Orlando, Fla., early Wednesday "an FBI agent was involved in a deadly shooting connected to the Boston Marathon bombing case," NBC News is reporting. A man who was being questioned by the agent is dead.

Eric Garcetti Wins L.A. Mayor's Race

Mark Memmott — Wed, 22 May 2013 12:33:00 +0000

The next mayor of Los Angeles will be City Councilman Eric Garcetti.

In a race in which the two top contenders were both Democrats, the 42-year-old Garcetti has opened a 7- to 8-percentage-point lead over City Controller Wendy Greuel as Tuesday's votes are being counted.

Early Wednesday, according to the