Uncertainty about how well the Federal Reserve's unconventional policy tools will work means using them more aggressively would not necessarily bring U.S. unemployment and inflation back to normal levels more quickly, a top Fed official said.
Senate Majority Leader Harry Reid, frustrated by a dysfunctional and unpopular Congress that has been unable to perform basic tasks such as agreeing on a federal budget, may soon seek an unprecedented rules change in the Senate. The Nevada Democrat's aim would be to strip Republicans of their ability to stop President Barack Obama's judicial and executive branch nominees with filibusters
George Zimmerman's attorney says the defense will likely wrap up its case in the neighborhood watch volunteer's second-degree murder trial on Wednesday. Zimmerman, so far, hasn't testified. But jurors saw repeated video recordings of Zimmerman telling his side of the story to police investigators. The defense started its case last Friday, and if it keeps to the schedule anticipated by defense attorney Mark O'Mara, its presentation will take about half of the time of the prosecution.