Tuesday,  Feb. 11, 2014 • Vol. 16--No. 210 • 32 of 39

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Investors await Fed Chair Yellen's first testimony for signals on interest rates and economy

• WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen can expect global financial markets to scrutinize her first public remarks since taking over the Fed's leadership this month.
• Investors this week will try to determine whether Yellen will embrace all the policies of her predecessor, Ben Bernanke. They will also look for any clues that she is worried about the economy or the stock market's turbulence.
• Yellen will deliver the Fed's twice-annual report to Congress, starting Tuesday before the House Financial Services Committee and then Thursday before the Senate Banking Committee.
• Her testimony will likely boil down to a single overarching point: The Fed will keep all its options open depending on how the economy evolves.
• Even so, anticipation of Yellen's testimony is running high, given concerns about the economy and the job market, turmoil in global markets and uncertainty about her direction at the Fed.
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White House delays health law coverage mandate for some firms in concession to businesses

• WASHINGTON (AP) -- It may take weeks to render a verdict on the Obama administration's latest health care concession to employers.
• But that could make a difference for Democrats battling to keep control of the Senate in the fall congressional elections.
• All-important details are buried in more than 200 pages of dense Treasury regulations released Monday. The biggest change is that medium-sized firms got another delay in a heavily criticized requirement that they cover their workers or face fines.
• The administration said companies with 50 to 99 employees will have an additional year to comply, until January 1, 2016.
• For businesses with 100 or more employees, the so-called employer mandate will still take effect in 2015. But other newly announced provisions, dealing with technical issues such as the calculation of working hours, may help some of those firms.

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