Ms. Haines, a former CIA Deputy Director and former Deputy National Security Adviser in the Obama administration, was to have appeared on Friday before the Senate intelligence committee, but the hearing for her confirmation to be Director of National Intelligence, or DNI, was postponed until Tuesday. She is expected to promise to keep politics out of the intelligence community, a departure from a Trump administration that saw repeated pressure on intelligence officials to shape intelligence to the President’s liking. … [Read more...] about Joe Biden’s national security Cabinet nominees face Senate tests
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Yellen urges Congress to pass new COVID-19 relief package as recovery stalls amid surging cases
"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now - and long-term scarring of the economy later," Yellen said at her confirmation hearing virtually held by the Senate Finance Committee. … [Read more...] about Yellen urges Congress to pass new COVID-19 relief package as recovery stalls amid surging cases
Biden taps former financial regulator to head SEC
Biden also plans to nominate Federal Trade Commission member Rohit Chopra, who helped set up the Consumer Financial Protection Bureau (CFPB) after the 2008 financial crisis, to serve as the next director of the CFPB, Biden's transition team said in a statement. … [Read more...] about Biden taps former financial regulator to head SEC
Rupee rises 13 paise to 73.15 against U.S. dollar in early trade
“The U.S. dollar index is trading flat this morning in Asian trade against major peers. Markets will look ahead to the testimony of U.S. Treasury Secretary nominee Janet Yellen later in the day,” Reliance Securities said in a research note. … [Read more...] about Rupee rises 13 paise to 73.15 against U.S. dollar in early trade
A new Covid-19 challenge: Mutations rise along with cases
The race against the virus that causes Covid-19 has taken a new turn: Mutations are rapidly popping up, and the longer it takes to vaccinate people, the more likely it is that a variant that can elude current tests, treatments and vaccines could emerge.The coronavirus is becoming more genetically diverse, and health officials say the high rate of new cases is the main reason. Each new infection gives the virus a chance to mutate as it makes copies of itself, threatening to undo the progress made so far to control the pandemic.On Friday, the World Health Organization urged more effort to detect new variants. The U.S. Centers for Disease Control and Prevention said a new version first identified in the United Kingdom may become dominant in the U.S. by March. Although it doesn't cause more severe illness, it will lead to more hospitalizations and deaths just because it spreads much more easily, said the CDC, warning of "a new phase of exponential growth.""We're taking it really very … [Read more...] about A new Covid-19 challenge: Mutations rise along with cases