Barack Obama, Ben Bernanke | featured news

Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.

Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported.

In a hard-won victory for President Obama, the Senate votes 70 to 30 to keep the head of the central bank for four more years. Senators put market stability ahead of populist anger at Wall Street.

The Senate, putting market stability ahead of populist anger at Wall Street, voted Thursday to give Federal Reserve Chairman Ben S.

Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009. Last year's winner was then-President-elect Barack Obama. The 2007 winner was Russian Prime Minister Vladimir Putin.

US President Barack Obama is to announce he is reappointing Ben Bernanke to a second term as chairman of the US central bank, the Federal Reserve.