Yellen, 74, was confirmed by the Senate in a broad bipartisan support of 84-15 votes on Monday. Both the Democratic and the Republican parties have 50 members in the 100-seat Senate.
Presenting some of the most scintillating pictures from around the globe in the last 24 hours.
Mitt Romney failed to win both the state of his birth, Michigan, and the state where he lives and served as governor, Massachusetts.
Mitt Romney failed to win both the state of his birth, Michigan, and the state where he lives and served as governor, Massachusetts.
Sticking to his opposition to outsourcing jobs to countries like India, President Barack Obama has said that he wants to give tax breaks to companies that are investing in the United States.
Karthick Ramakrishnan, co-author and director of the National Asian American Survey believes the Indian American community's massive shift to the Democratic Party -- which was manifest in the polling data that showed overwhelming support for President Barack Obama over Republican presidential nominee Mitt Romney
An overwhelming majority of Indian-Americans support United States President Barack Obama against his Republican rival Mitt Romney in November presidential elections, a national survey has said.
'It is important to recognise that insourcing, outsourcing, supply chain complexity, supply chain disaggregation is here to stay'
Republican Mitt Romney is all set to challenge incumbent Barack Obama after the party nominated the former Massachusetts governor as its candidate for the presidential elections in November this year.
Highly skilled, English-speaking, and integrated into their communities, they are too valuable a resource to lose.
Credit owes in large measure to Indian American Gopal TK Krishna for the Republican Party's amended platform acknowledging India's importance to the US as never before, reports Aziz Haniffa from Washington, DC
Barack Obama's re-election reflects how much the Republican Party, held hostage by the Tea Party, has alienated minorities and women. Aziz Haniffa reports
Rediff.com presents a collection of photographs to show how people rejoiced Obama's victory across the world.
While Barack Obama's victory was lauded across the world, there was uneasiness in the Israeli establishment and concerns in the media over whether the US President would try to extract 'revenge' on Premier Benjamin Netanyahu for his tacit backing of Mitt Romney.
World leaders on Wednesday hailed President Barack Obama's decisive win for a second term, hoping to deepen cooperation with the United States in tackling pressing global issues such as economic downturn and climate change apart from ensuring international peace and security.
Democrats narrowly won majority in the United States Senate while Republicans retained the control of the House of Representatives, leaving newly-elected President Barack Obama to deal with a divided Congress once again.
Nearly three-fourth of Indian Americans voted for United States President Barack Obama in the swing states which are considered to be decisive in the final results, a sample survey has found. In the survey done by San Francisco-based April Media among voters from Ohio, Colorado, Wisconsin, Florida and Virginia, 75 per cent of Indian Americans voted for Obama.
Rediff.com's Bikash Mohapatra reports from Ohio, one of the battleground states in America's presidential election
Notwithstanding the latest opinion polls suggesting a close fight between incumbent Barack Obama and his rival Mitt Romney, both the Democrat and Republican camps have claimed victory ahead of the crucial presidential elections set for Tuesday.
Republican presidential candidate Mitt Romney's campaign team has quietly been preparing itself for the transition to presidency if he manages to defeat incumbent Barack Obama.
India should probably be glad that it was left out of the discussion, says the Brookings Institution's Tanvi Madan.
In a major political boost to Barack Obama, New York Mayor Michael Bloomberg, an otherwise fierce critic of the president, has endorsed his bid for re-election, citing his efforts in dealing with climate change as the city recovers from the destruction caused by Superstorm Sandy.
With the argument that a nation needs to be economically strong to be a successful world leader, the Republican presidential candidate was the first one to inject domestic and economic policies into the debate.
Investor confidence, in general, in the world is weak and that has spilled over in India.
Republican presidential nominee Mitt Romney has accused the Obama administration of contradicting itself and "doubling down on denial" about the true origins of the assault on the US Consulate in Benghazi that killed American envoy to Libya.
United States President Barack Obama and his Republican challenger Mitt Romney on Wednesday exchanged sharp barbs over major domestic policies ranging from economy, taxation, jobs and healthcare to education during the first of the three high-stake presidential debates.
Asian Americans favourability rating of Romney is considerably lower, about half of the level for Obama, says a study on the political and social attitudes of Asian Americans released in Washington DC. Aziz Haniffa reports.
In a major embarrassment to Republican presidential candidate Mitt Romney, a video of his fundraising has surfaced that shows him dismissing President Barack Obama's supporters as 'victims' who live off government handouts.
The hardest part of my job continues to be this federal government, this administration, this president, says South Carolina Governor, Nimrata Randhawa Haley in a prime time speech at GOP Convention. Aziz Haniffa reports.
Akshay K Desai's Universal Health Care Group, a major Medicare provider - has gone belly-up.
Indian-American political leaders, contesting Congressional elections, are outraged at the remarks of "legitimate rape" by a United States lawmaker, which President Barack Obama had termed as offensive.
Mitt Romney swept three Republican primaries in Indiana, North Carolina and West Virginia, moving closer to sealing the party nomination for November presidential polls against incumbent Barack Obama.
Criticising the Republican Party and its defeated presidential nominee Mitt Romney, Indian-American governor Bobby Jindal has said that leaders should stop insulting voters by saying stupid things.
United States President Barack Obama on Monday welcomed Wisconsin Congressman Paul Ryan to the presidential race but added that he fundamentally disagrees with his vision, which, if implemented, would take the nation backward. "Just last morning, my opponent chose his running mate, the ideological leader of the Republicans in Congress Mr Paul Ryan. I want to congratulate Congressman Ryan," Obama said at a campaign event in Chicago.
The Obama administration has deputed United States Attorney General Eric Holder to deliver remarks at Friday's memorial service for the victims of Wisconsin gurdwara shooting, which would also be attended by Punjab Chief Minister Parkash Singh Badal and Wisconsin Governor Scott Walker.
Indian-American Louisiana Governor Bobby Jindal has rejected Republican presidential candidate Mitt Romney's claim that President Barack Obama won November 6 elections with "gifts" to voters and asked his party colleagues to "stop being the stupid party."
Two days after he was re-elected President of the United States, Barack Obama's campaign said on Friday he has won 29 electoral college votes in Florida, the only state which had not declared a winner on Election Day.
Since Obama took office in Jan 2009, US shares have given annualised returns of 19%
It was said to be a close fight, but as it turned out President Barack Obama effortlessly went past the challenge posed by his Republican challenger Mitt Romney.
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