Merry Christmas From the United States Senate

Across the country, families are gathering to celebrate the holidays. They will reconnect, reflect on the year past and voice their hopes and dreams for the future. At the same time, the United States Senate meets in a rare Christmas Eve session to pass legislation that, if enacted, will forever change the relationship between Americans and their government.


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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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