Republicans take aim at Biden's Federal Reserve nominees at tense confirmation hearing
CBSN
President Biden's nominees to serve on the Federal Reserve Board of Governors faced a heated grilling from Republicans on Capitol Hill Thursday, as GOP lawmakers warn of central bank overreach and claim some of the president's nominees threaten to move the Fed further away from its mandate focused on price stability and maximum employment.
Sarah Bloom Raskin, who is nominated to serve as the Fed's top bank regulator, defended her views on financial regulators' role in combating climate change, saying in her opening statement that banks choose their borrowers, the Fed does not.
"The role does not involve directing banks to make loans only to specific sectors, or to avoid making loans to particular sectors," Raskin said.
Billions of cicadas are emerging across about 16 states in the Southeast and Midwest. Periodical cicadas used to reliably emerge every 13 or 17 years, depending on their brood. But in a warming world where spring conditions arrive sooner, climate change is messing with the bugs' internal alarm clocks.
Senate Democrats to unveil package to protect IVF as party makes reproductive rights push this month
Washington — A group of Senate Democrats is set to unveil a new package to protect access to IVF on Monday, as the party makes a push around reproductive rights this month — two years after the Supreme Court overturned Roe v. Wade.