Federal Reserve Vice Chair Janet Yellen defended the Fed's easy-money stimulus policies Thursday in her first day of hearings before a Senate committee as she seeks to replace Ben Bernanke at the helm of the central bank.Yellen in her opening statement credited the Fed's interventionist policies with supporting the ongoing recovery and described the economy as "significantly stronger.""We have made good progress but there's further to go," Yellen said.Yellen is widely expected to be approved later this year by the full Senate – there are easily enough Democratic votes to push her nomination through – but it won't be a cake walk.Yellen will be called upon to justify the Fed's years of easy-money policies, the trillions of dollars in bond purchases known as quantitative easing and near-zero interest rates in place since December 2008.Critics of these policies, mostly Republicans, will want to know whether these unprecedented measures have worked and when and how the Fed plans to unwind t...
Sen . Mike Crapo , (R-Idaho), questions the White House’s use of prosecutorial discretion to implement its immigration policy.
A Federal Reserve official Thursday signaled that regulators will provide banks with guidance on implementing the Volcker rule and discouraged Congress from revisiti...
Sen . Mike Crapo , (R-Idaho), on the state holding its first Caucus rather than a Primary and whether Mitt Romney can get a win in the state.
Sen . Mike Crapo , (R-Idaho), on negotiations over extending the payroll tax cut beyond February 29.
Republican Senators Jon Kyl of Arizona, Mike Crapo of Idaho and John Barrasso of Wyoming were named on Friday to a conference committee charged with negotiating long...
Sen . Mike Crapo (R-ID) on the budget cuts a group of 38 senators are calling for, which amount to $4 trillion.
Sen . Mike Crapo , (R-Idaho), on Idaho couple Mike and Chantell Sackett’s suit against the EPA for blocking them from building their new home, saying their property is a wetland.
Sen . Mike Crapo , (R-Idaho), on the debt ceiling deal and the steps to boosting U.S. economic growth.
'Gang of Six' member Sen . Mike Crapo explains his position on the Boehner, Reid debt plans and whether a deal is still possible
Sen . Mike Crapo , (R-Idaho), on efforts to reach a deal on the debt ceiling.
Gang of 6 member Sen . Mike Crapo , (R-ID), on the debt debate and their plan to solve the debt crisis.
Sen . Mike Crapo on debt talks, Senate proposal
Karl Rove crunches the numbers
Sen . Mike Crapo (R-ID) says Kathleen Sebelius took responsibility for the failure of the website but the rollout has had a lot of unintended consequences.
President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wal...
Senator Mike Crapo , (R-ID), on his priorities as the head of the Senate Banking Committee.
The new Republican chairman of the House subcommittee that oversees the Federal Reserve said Tuesday he "couldn't disagree more" with the Fed chief Ben Bernanke's de...
After the November 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of t...
Sen . Mike Crapo (R-Idaho) weighs in on the potential senate vote today on a bill to fund the government for the next six months.