Ben Bernanke hands over the reins at the Federal Reserve to Janet Yellen on Friday. The Fed's vice chairwoman will be the first female ever to lead the nation's central bank. It's a position many view as the second most powerful in the country.
The world of central banking is largely a man's world. But Yellen has been undeterred by such barriers since she was in high school in Brooklyn. Charlie Saydah, a former classmate, says she was probably the smartest kid in the class. Yellen was "clearly smart, and she was smart among a lot of smart kids," he says.
House Republicans headed back to Washington on Friday from a resort along the frozen waters of the Chesapeake Bay. They were there for a three-day retreat aimed at mapping out a legislative strategy for this midterm election year.
One of the most pressing issues they face is the need next month for Congress to raise the nation's debt limit. GOP lawmakers seem leery of another debt ceiling showdown, and their leaders are pushing to act on immigration this year.
In a letter released by his attorney, the Port Authority official who personally oversaw the George Washington Bridge lane closures is alleging that New Jersey Gov. Chris Christie knew about the action. David Wildstein asserts that evidence exists that will contradict Christie's claims to ignorance about the motives behind the lane closures.
The U.S. Department of State says Canada's production of tar sands crude, which has a bigger greenhouse gas footprint than other types of oil, is unlikely to be affected by the controversial Keystone XL pipeline proposal.
That assessment came Friday as part of a massive environmental review by the State Department — the analysis fills 11 volumes.