Federal Reserve Bank Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee after the release of The Semiannual Monetary Policy Report to the Congress February 26, 2013 in Washington, DC.
February 26th, 2013
04:42 PM ET
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(CNN) – Welcome to CNN Radio News Day.
- U.S. Federal Reserve chairman Ben Bernanke testified in front of the Senate Banking committee today. He touched on the forced spending cuts that are at the center of the tug-of-war in Washington. Bernanke told Congress that automatic cuts threaten the expanding economy. But Tennessee Republican Senator Bob Corker took Bernanke to task:
"When the Fed decided it was going to stimulate a global currency war as it did, did you embark on that thinking our country's in trouble and sort of the heck with everybody else? Or did you think it would leverage the wealth effect if everybody had a race to the bottom?"
- The Voting Rights Act of 1965 is landmark legislation that cleared barriers to the ballot box for all Americans. On Wednesday, the Supreme Court will take-on the latest challenge to that bill. The case pits Shelby County, Alabama against the federal government. The Court will only determine whether or not a portion of the Act is constitutional. Frank Ellis, Jr, attorney for Shelby County, says section-five is unconstitutional:
“It's such a substantial departure from the fundamental principles of equal sovereignty among the states ."
- It was one year ago today that an unarmed teenager, Trayvon Martin, was shot and killed by a neighborhood watch volunteer, George Zimmerman. The killing in Sanford, Florida touched-off a wide-ranging conversation about the state of race relations in the U.S. Mychal Denzel Smith, a contributor to The Nation magazine, says there's been little... if any...progress:
" The fear that young black and brown people live with as far as being able to simply walk down the street without the fear that they will be harassed or shot and killed– that still exists. So if we're serious about making sure there's not another Trayvon Martin, which there have been since, we have to address that."
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