Macroeconomics

The New York Times’ Sewell Chan reports on a new White House study on the impact of the recession on women.

Washington’s latest round of political implosion could have negative impact on the global economy and US credibility abroad.

Janet Yellen, federal reserve vice chairwoman, became the front-runner in the search for the next chairman of the Fed right after candidate Larry Summers withdrew his name from consideration. Summers ultimately feared a divided Congress would prevent his approval. Yellen is expected to maintain much of the Fed’s current policies.

Spain hiked its taxes on cultural events as it faces mounting debts and budget deficits. And those higher taxes have greatly reduced the attendance and theaters and other arts establishments. But one theater, and now several other groups, have found a way to make the law work for them — with carrots.

The Federal Reserve’s Open Market Committee is hoping to cut unemployment by injecting more capital into the economy. This is third attempt by the Fed board to stimulate the economy and get people working again.