Showing posts with label YELLEN. Show all posts
Showing posts with label YELLEN. Show all posts

Tuesday, April 1, 2014

Janet Yellen: Fed Determined To Push Employment

Janet Yellen: Fed Determined To Push Employment

I think we did indeed back the right person for the Federal Reserve job. Janet Yellen seems to remember that the Fed also has a mandate for full employment:


CHICAGO — Janet L. Yellen, the new Federal Reserve chairwoman, devoted more than an hour last week talking by telephone with three Chicago-area residents struggling to find jobs.


On Monday, she made their stories the centerpiece of the first public speech in her new job, delivering a strong statement about her concern over unemployment, her conviction that the Fed has the power to help, and her determination to do so.


“It is my hope,” Ms. Yellen told a conference hosted by the Federal Reserve Bank of Chicago, “that the courageous and determined working people I have told you about today, and millions more, will get the chance they deserve to build better lives.”


The speech offered a rebuttal to economists, including some Fed officials, who see evidence that the central bank is approaching the limits of its ability to improve labor market conditions. It also leaned against recent indications that Fed officials might be considering a faster retreat from their economic stimulus campaign.


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Latest from Crooks and Liars



Janet Yellen: Fed Determined To Push Employment

Wednesday, March 19, 2014

Yellen says she feels "weight" of leading Fed

Janet Yellen is pictured. | AP Photo

Yellen’s biggest challenge ahead will be to oversee the winding down of the stimulus. | AP Photo





Federal Reserve Chair Janet Yellen says the buck now “stops with me.”


Yellen gave her first news conference on Wednesday as head of the central bank, a highly anticipated event that is being closely watched by financial markets and other Fed observers looking to gain a better understanding of how she will run the Fed.







Yellen said that the economy continues to improve but that the labor market has yet to fully recover and the central bank will keep up its economic stimulus efforts.


Yellen took charge of the Fed on Feb. 3 becoming the first woman to lead the central bank.


(Also on POLITICO: Yellen meets the press)


Asked how life has been different around the Fed since she took over, Yellen said she now feels the weight of running the institution but that overall she doesn’t anticipate big changes for the central bank.


“I feel I’m very lucky that I’ve had a lot of Fed experience to draw on as I approach this role because it’s complicated and now in many ways I feel that the buck stops with me in terms of management of the FOMC and responsibility to assure that the Federal Reserve makes progress on its goals,” she said, before adding “In terms of the conduct of business, it’s pretty much the same as usual. I’m not envisioning — nor have there been so far — any radical changes in how the Federal Reserve does its business and that includes operating” the Fed’s policy setting committee.


Yellen used her first news conference to elaborate on the Fed’s recent policy decisions as well as to discuss the impact this winter’s bad weather has had on the economy.


(QUIZ: Do you know Janet Yellen?)


“Unusually harsh weather in January and February has made assessing the underlying strength of the economy especially challenging,” Yellen said reading from a prepared statement from behind a desk.


She said she is particularly concerned about the amount of people who have been unemployed for an extended period of time.


“The share of long term unemployment has been immensely high and has been very stubborn in bringing down,” she said. “That’s something I watch closely.”


While her first news conference has been highly anticipated, Yellen, 67, has had a few practice rounds already. She appeared before both the House Financial Services and Senate Banking committees in recent weeks where she faced a wide range of questions from eager lawmakers.


(Also on POLITICO: Full finance policy coverage)


The news conference is another opportunity for Yellen to set the tone for her tenure and lay out her vision for the Fed — as well as distinguish herself in any way from her predecessor, Ben Bernanke.


Yellen’s most significant challenge in the months ahead will be to oversee the winding down of the Fed’s stimulus program, known as quantitative easing. On Wednesday, the Federal Open Market Committee (FOMC) announced that the central bank will reduce the amount of bonds it buys each month to keep long-term interest rates low by another $ 10 billion. It will now buy $ 55 billion in Treasury and mortgage bonds each month.


In another closely watched move, the FOMC on Wednesday updated its guidance with regard to when it could raise short-term interest rates.


The committee had previously said rates would stay at or near zero “at least as long as” the unemployment rate remains above 6.5 percent and inflation appears likely to remain below 2.5 percent.


Now, the Fed says it will likely be appropriate to keep rates below normal levels “for a considerable time” after its quantitative easing program ends, particularly if inflation remains below 2 percent and does not look like it will rise over the “longer-term.”


Financial markets have been keeping a close eye on how quickly the Fed will implement the “taper” and whether any new economic date will cause the central bank to pause he wind down of its economic stimulus program.


Another challenge for Yellen will be to communicate as clearly as possible the central bank’s decision-making process. Ambiguity can create room for investors to draw their own conclusions, which can lead to market volatility.




POLITICO – TOP Stories



Yellen says she feels "weight" of leading Fed

Thursday, February 27, 2014

Weather seems to blame for U.S. slowdown, Fed"s Yellen says

(Reuters) – Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus.


Reuters: Top News



Weather seems to blame for U.S. slowdown, Fed"s Yellen says

Wednesday, November 20, 2013

U.S. Republican Senator Corker to support Yellen as Fed chief


Senator Bob Corker (R-TN) speaks to reporters during the 14th day of the partial government shut down in Washington on October 14, 2013.


Credit: Reuters/Joshua Roberts




Reuters: Politics



U.S. Republican Senator Corker to support Yellen as Fed chief

UPDATE 1-U.S. Republican Senator Corker to support Yellen as Fed chief

UPDATE 1-U.S. Republican Senator Corker to support Yellen as Fed chief
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/36e0d__p-89EKCgBk8MZdE.gif




Wed Nov 20, 2013 12:08pm EST



WASHINGTON Nov 20 (Reuters) – Janet Yellen’s bid to lead the Federal Reserve won a significant boost on Wednesday when one of her biggest critics in the U.S. Senate said he had decided to support her nomination.


Republican Senator Bob Corker of Tennessee said in a statement that he would set aside his reservations about Yellen because he believes she will bring more transparency to the U.S. central bank and has pledged to reduce Fed bond purchases as soon as economic data support such a move.


“In the end, I do believe she has the qualifications necessary to be the Fed chairman and plan to support her nomination,” said Corker, who voted against Yellen’s nomination as Fed vice chair in 2010.


Corker is a member of the Senate Banking Committee, which will vote on Thursday on whether to send Yellen’s nomination to the full Senate. Although she is expected to win confirmation relatively easily, Corker’s support could help persuade a handful of other Senate Republicans to drop their opposition.


Yellen’s nomination needs 60 votes to overcome procedural hurdles in the Senate, where Democrats control 55 votes.


Corker said he had changed his mind as a result of discussions with Yellen.


“I would prefer to see someone who held a more modest view regarding the limits of monetary policy on our economy, and I have been clear about that,” said Corker, a longtime critic of the Fed’s bond buying program aimed at holding down borrowing costs.


“During our discussions, she made a commitment to moderate purchases as soon as she believes the data supports that action and shows that the current status cannot continue,” Corker said.


He added that he was concerned about Yellen’s lack of experience in regulation of large, systemically important financial institutions and said he hopes she will “work hard to overcome this deficit and not just rely on others on the Fed board for this expertise.”


Corker also said he hopes Yellen will develop a cadre of market experts and practitioners who can help advise her in the event of another financial crisis.


“As a result of these conversations, I do believe she will bring a more transparent approach to Fed decisions and guidance,” Corker said.


“She will approach decisions with a more rules-based methodology. She understands that monetary policy is a blunt object, that distortions are occurring, and that the affluent disproportionately benefit from easy money policies.”






Reuters: Financial Services and Real Estate




Read more about UPDATE 1-U.S. Republican Senator Corker to support Yellen as Fed chief and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

Tuesday, November 19, 2013

Fed"s Yellen: policy to stay easy after threshold crossed -letter

Fed"s Yellen: policy to stay easy after threshold crossed -letter
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/601cd__p-89EKCgBk8MZdE.gif



Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, is sworn in to testify at her U.S. Senate Banking Committee confirmation hearing in Washington November 14, 2013.


Credit: Reuters/Jason Reed




Reuters: Economic News




Read more about Fed"s Yellen: policy to stay easy after threshold crossed -letter and other interesting subjects concerning Economy at TheDailyNewsReport.com

Fed"s Yellen: Policy to stay easy after threshold crossed - letter


Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, is sworn in to testify at her U.S. Senate Banking Committee confirmation hearing in Washington November 14, 2013.


Credit: Reuters/Jason Reed




Reuters: Top News



Fed"s Yellen: Policy to stay easy after threshold crossed - letter

Wednesday, October 9, 2013

Janet Yellen: 5 Things You Need to Know About the Next Fed Chair

1. She Would Be the First Woman to Head the Federal Reserve



In the bank’s 100 years of existence, she would be the first female chairperson. She would be the second woman ever to run the central bank of a developed state, after Elvira Nabiullina in Russia.




PolicyMic



Janet Yellen: 5 Things You Need to Know About the Next Fed Chair

Janet Yellen: 5 Things You Need to Know About the Next Fed Chair

1. She Would Be the First Woman to Head the Federal Reserve



In the bank’s 100 years of existence, she would be the first female chairperson. She would be the second woman ever to run the central bank of a developed state, after Elvira Nabiullina in Russia.




PolicyMic



Janet Yellen: 5 Things You Need to Know About the Next Fed Chair

Sunday, September 22, 2013

For Yellen, nomination may be the easy part

Janet Yellen is shown. | AP Photo

It may be Yellen’s job to devise a plan to draw down the stimulus as growth stays sluggish. | AP Photo





President Barack Obama will likely nominate Janet Yellen soon as the next chairman of the Federal Reserve. Yellen, the current vice chairman of the central bank, should enjoy uniform Democratic support and will almost certainly pick up enough Republican votes to win confirmation, according to Hill aides and political operatives on both sides.


Then her real problems will begin.





Warren: Yellen would be ‘terrific’




Bernanke on political environment






Yellen, should she get the job, would take over at a uniquely difficult time for the nation’s central bank. Since the financial crisis, the Fed has been among the few constant sources of economic stewardship in Washington, pumping money into the struggling economy as Congress and the White House lurched from near-default to the first credit downgrade in the nation’s history to a series of high-stakes spending battles.


(Also on POLITICO: Liberal wrath doomed Summers)


The familiar cycle of dysfunction is now repeating itself as Washington hurtles toward a possible government shutdown and a fresh debt ceiling crisis. And this time the Fed has credibility problems of its own.


Over the summer, outgoing Chairman Ben Bernanke told investors to expect the central bank to soon begin winding down its unprecedented program of printing money to boost the economy. Investors responded by driving up interest rates, expecting the Fed to announce that the so-called “taper” of asset purchases would begin in September.


Then last week the Fed did the exact opposite, saying it would keep pumping in cash. Bernanke cited the very financial conditions he himself created over the summer as a reason to delay the taper. Investors were left to wonder whether they could still believe the Fed’s guidance.


(Also on POLITICO: Source: White House pushing Yellen nod)


“I think they did undermine their credibility. They confused people. Now we don’t know how to read the tea leaves and the signals, and that’s a real problem,” said Jerry Webman, chief economist at OppenheimerFunds in New York. “Forward guidance, as Chairman Bernanke said, is one of the Fed’s two main policy tools and maybe the most effective one. But now, who is going to believe the forward guidance?”


It will now be up to Yellen — assuming she gets the job — to both clean up the Fed’s communications mess and figure out how and when to draw down the stimulus as growth stays sluggish, unemployment remains over 7 percent and inflation runs below the central bank’s 2 percent target.


The Bernanke Fed in its final months may begin the process of cutting down on asset purchases, perhaps in December. This could leave Yellen, who has expressed grave concerns about the level of persistent unemployment, in the awkward position of trying to convince fellow Fed governors to reverse Bernanke’s position.


(WATCH: Bernanke: ‘I don’t have anything for you on my personal plans’)


And she would have to do so with the clear knowledge — both on her part and among fellow governors — that she was the president’s second choice. Larry Summers, the former Treasury secretary and favored White House candidate, withdrew from consideration after drawing opposition from several Democrats on the Senate Banking Committee, which must first approve any Fed nominee.


“It’s worse than that,” said James Pethokoukis of the American Enterprise Institute, noting the brief White House flirtation with the idea that former Treasury Secretary Timothy Geithner could return as Fed chair. “Yellen may have been third choice after Geithner and Summers. But her influence will depend far less on her Obama short-list ranking than her ability as Fed chair to reach consensus among Fed policymakers, clearly and persuasively communicate Fed policy and show independence from Congress and the White House.”


Market analysts do not doubt Yellen’s ability to lead the Fed under all of these circumstances. But they also note that they would be far from ideal conditions for anyone to take over at the central bank.




POLITICO – TOP Stories



For Yellen, nomination may be the easy part

Wednesday, August 21, 2013

ALL QUIET ON THE ANTI-IMMIGRATION FRONT -- DCCC and NRCC tie in fundraising, RNC outraises DNC -- CRUZ"S CANADA CONUNDRUM – Al Jazeera America launches – SUMMERS, YELLEN ANGLING


ALL QUIET ON THE ANTI-IMMIGRATION FRONT – POLITICO’s Anna Palmer reports: “Anti-immigration forces were so effective in 2007 that on the eve of a critical Senate vote they mobilized thousands of angry callers and shut down the Capitol switchboard — effectively killing the bill. But this time around members of Congress are under much less pressure from the opposition, even as the pro-reform movement has kicked into high gear in the final weeks of the August recess before lawmakers return to the immigration debate in Washington.


“Anti-immigration groups aren’t drawing large, loud crowds to their rallies — only about 60 people showed up to hear headliner Rep. Steve King in Richmond, Va., last week. And the tea party groups famous for turning out supporters and firing up town halls ahead of the 2010 midterm elections are much more focused on Obamacare than immigration. The anti-reformers say opposition is still alive and well. It’s just that conservatives feel little need to show their force, since they believe the GOP-controlled House would never accept the immigration bill passed by the Senate this spring.” http://politi.co/1dqS2Xw


CRUZ’S CANADA CONUNDRUM – Turns out Sen. Ted Cruz just can’t get away from his Canadian roots. After making public his birth certificate, it’s prompted a whole series of stories on how he remains to this day a Canadian citizen. Cruz announced he will renounce his citizenship. POLITICO’s Tal Kopan reports: “The Texas Republican shared his birth certificate Sunday with The Dallas Morning News. It shows his place of birth as Calgary, Alberta, to an American mother, a fact which conferred upon him American citizenship. But Canadian lawyers told the Morning News that Cruz’s birth in Canada also instantly conferred upon him Canadian citizenship, though a spokeswoman for Cruz said he was not aware of having dual citizenship.


“Sen. Cruz became a U.S. citizen at birth, and he never had to go through a naturalization process after birth to become a U.S. citizen,” Catherine Frazier told the Morning News. “To our knowledge, he never had Canadian citizenship, so there is nothing to renounce.” http://politi.co/19wneli


– But it may take eight months before he can officially drop the nation’s northern neighbors: http://bit.ly/14AfOJG


– Best network pun goes to MSNBC: “Cruz’s Canada-cy”


– And it turns out the process is pretty complicated: http://wapo.st/1f0Y9Q2


– Plus he’s ditching some sweet Canadian perks: http://bit.ly/18INmIS


– Cruz calls the whole affair the “silly season of politics:” http://politi.co/13FkCCx


– And in other news, pro-Obamacare protesters interrupted his town hall meeting: http://wapo.st/173H1ID


THE MONEY RACE – House Democrats and Republicans are in a dead heat for fundraising totals, Roll Call’s Abby Livingston reports: “The National Republican Congressional Committee brought in just slightly more cash than House Democrats’ campaign arm during the month of July, according to new fundraising reports filed on Tuesday. House Republicans raised $ 4.44 million, while the Democratic Congressional Campaign Committee brought in $ 4.36 million.


“But the DCCC had the cash-on-hand edge with $ 14.6 million in the bank. The NRCC had $ 12.1 million in cash on hand. The NRCC reduced its debt to $ 750,000. The DCCC wiped out its debt in June, according to a committee aide.” http://bit.ly/181Wcz4


– And Roll Call’s Kent Cooper reports that the RNC outraised the DNC by about $ 2 million: http://bit.ly/14iBnSv


AL JAZEERA AMERICA LAUNCHES – But who was able to watch it? The New York Times’ Brian Stelter reports: “There was ample attention in journalistic circles as Al Jazeera America had its premiere on Tuesday — particularly among those who could not watch. The news channel — which replaced Current TV at 3 p.m. Eastern time — was expected to be carried by five of the country’s 10 biggest television providers, but one of those, AT&T U-verse, dropped Current, and thus Al Jazeera, late Monday night.” http://nyti.ms/13PZrsa


HITTING THE IRS: FROM THE LEFT – Rep. Chris Van Hollen (D-Md.) is challenging the IRS rules that allow non-profits engaged in some political activity to still receive the exemption: The Washington Post’s Josh Hicks reports: http://wapo.st/17361zR


LESS TOWNHALLS THIS SUMMER? – ABC News’ Abby Phillip reports: “Reports of the tea party’s demise are greatly exaggerated, or so its leadership would have us believe. Sure, the 4-year-old movement is maturing and all those attention-grabbing headlines from 2009 are much harder to come by in 2013.


“But conservative activist Brent Bozell, who is attempting to build support for defunding President Obama’s health care law, said establishment Republicans are running away from their constituents, a sign that bucking the tea party’s grassroots agenda is fraught with peril. “Isn’t it interesting how times change; that just three years ago, Republicans were rushing to have town halls and now they’re running as fast as they can from town halls,” Bozell, the chairman of For America, told ABC News.” http://abcn.ws/18IQpk5


**A message from POWERJobs: New jobs on our radar this week: Senior Strategic Policy Advisor at AARP, Director of Development at Brady Campaign & Center to Prevent Gun Control and Senior Legislative Counsel at Human Rights Campaign. Interested? Apply to these jobs and more at POWERJobs.com; finally, a career site made for YOU!**


GOOD WEDNESDAY MORNING, August 21, 2013, and welcome to The Huddle, your play-by-play preview of the day’s congressional news. While Scott is in New York City at the Asian American Journalists Association convention, I’ll be holding down the fort. Send tips, complaints and good DC Restaurant Week recommendations to ggibson@politico.com or tweet me @GingerGibson.


TODAY IN CONGRESS – Both the House and Senate have adjourned for the summer recess.


HAPPENING TODAY: Pfc. Bradley Manning to be sentenced: http://nyti.ms/14AixTq


SUMMERS, YELLEN ANGLING – The Washington Post’s Zachary Goldfarb reports on the behind-the-scenes maneuvering: “Lawrence H. Summers, one of the top candidates to lead the Federal Reserve, was being beaten up, and his friends from his White House years wanted to help him. So earlier this month, recently departed Treasury secretary Timothy F. Geithner and other former Obama administration officials joined Summers for a private strategy call, according to people familiar with the discussion.


“The old colleagues compared notes on what reporters were asking about Summers, who was under a steady assault from liberals who consider him as soft on regulating banks, and mapped out how they might respond. President Obama’s long-term advisers have been working to help Summers in what has become the hottest political campaign of 2013: the race to succeed Ben S. Bernanke as Fed chairman.” http://wapo.st/169eFIo


Sen. Pat Roberts (R-Kan.) doesn’t like Summers: In fact, he doesn’t want him to even mow his lawn: http://politi.co/1bReyXM


BENGHAZI – The four suspended State employees return to work, but in different roles. The New York Times’ Brian Knowlton reports: “Four midlevel State Department officials who were placed on administrative leave after the deadly attack last year on the United States mission in Benghazi, Libya, have been reinstated by Secretary of State John Kerry and were given new assignments on Tuesday, the department confirmed.


“Marie Harf, a State Department spokeswoman, said that an internal analysis by the department had reaffirmed the findings of an earlier independent review that “saw serious concerns or concerns with some of the steps and actions of these four individuals” but did not determine that there had been any “breach of duty.” She would not elaborate.” http://nyti.ms/17JARf3


EGYPT AID– The Associated Press’ Deb Riechmann and Bradley Klapper report: “The Obama administration, undertaking a major review of U.S. relations with Egypt, edged closer to a decision Tuesday about curtailing some of America’s $ 1.5 billion in annual aid after the Egyptian military’s crackdown on supporters of ousted President Mohammed Morsi.


“Top administration officials met at the White House to review the possibility of cutting military or economic aid to Egypt, a longtime U.S. ally and the most populous nation in the Arab world. Some cuts are forthcoming, according to U.S. officials, speaking on condition of anonymity because they weren’t authorized to talk publicly about the sensitive discussions.


“Tensions in Egypt have soared since the army ousted Morsi, who was the nation’s first freely elected president. The July 3 coup followed days of protests by millions of Egyptians demanding that Morsi, who hails from the Islamist Muslim Brotherhood, step down. Some 1,000 people have been killed in ensuing violence.”  http://bit.ly/183082B


THE OBAMACARE FILES – Heritage Action takes the anti-Obamacare message on the road: POLITICO’s Jason Millman reports: “A last-ditch effort to derail Obamacare started in a barn here Monday night — because it’s not going to start in Washington, advocates told a packed crowd at the opening night of Heritage Action’s August defunding tour.


“Heritage Action, trying to fuel an effort to defund the president’s health care law on the cusp of its launch, offered a bleak assessment of a Republican Party that’s held 40 anti-Obamacare votes: They don’t have the guts to do everything necessary to stop the law, and that’s where the Heritage faithful step in.” http://politi.co/1cZCxYE


And in Texas, Rick Perry asks for Obamacare cash: http://politi.co/1d3Sdt2


WHILE THE MICE ARE AWAY? President Obama heads out this week on a bus tour to tout his economic and jobs plan. While Obama has done these types of multi-state stumping tours before, this one comes with an added bonus: Congress is in recess meaning there are no network cameras around every corner of the Capitol to record lawmakers pushing back at him. The natural lull in August news means Obama will hold on to more of the spotlight.


– The Hill’s Justin Sink reports that Obama will also be talking student loans: “President Obama said Tuesday that he will use his upcoming bus trip to offer a new plan “to make college more affordable, tackle rising costs, and improve value for students and their families” in an email sent to supporters. The president warned that his proposals “won’t all be popular with everyone,” singling out those “who’ve made higher education their business.” http://bit.ly/1f0YAKl


GIFFORDS, ATTKISSON TO BE HONORED AT BRIAN A. TERRY DINNER – Former Rep. Gabby Giffords (D-Ariz.) will be the first recipient of the Brian Terry Foundation’s Courage and Heroism in the Community Award, while veteran journalist Sharyl Attkisson will accept the Courage in Journalism and Reporting Award. They will accept their awards Sept. 28 at the 2nd annual Brian Terry Foundation Benefit Dinner at the J.W. Marriott Star Pass Resort and Spa in Tucson. Rancher Susan Krentz of Douglas, Ariz., will receive the Profiles in Courage Award. Other attendees include a who’s who of Arizona politics: Reps. Ron Barber and Matt Salmon, State Treasurer Doug Ducey, Attorney General Tom Horne, Pinal County Sheriff Paul Babeu and retired Air Force Col. Martha McSally.  Terry, a U.S. Border Patrol agent, was on duty in December 2010 when he was murdered by members of a heavily armed drug cartel. Weapons found at the murder scene were later traced to the gun-trafficking investigation known as Operation Fast and Furious, conducted by the Justice Department and the ATF. More info about the dinner: www.HonorBrianTerry.com/events


CONGRESS ON THE CAMPAIGN TRAIL – Republican Rep. Thomas Massie staying out of Kentucky Senate primary: Local Kentucky network cn|2’s Jacqueline Pitts reports:  “Kentucky U.S. Rep. Thomas Massie, R-Vanceburg, says he is not taking sides in the primary battle of the 2014 U.S. Senate race. Unlike Kentucky U.S. Sen. Rand Paul, Massie said Monday that he is staying out of the primary race between Kentucky’s Senior Senator Mitch McConnell and tea party challenger Matt Bevin.” http://bit.ly/19HWq5o


– Big numbers in the Big Easy: Differing from other recent numbers, Public Policy Polling finds Sen. Mary Landrieu leading Rep. Bill Cassidy by 10 points in the Senate race: http://bit.ly/169h1XZ


– Sen. Lamar Alexander picks up a primary opponent in Tennessee: http://reut.rs/16b7kIs


TUESDAY’S TRIVIA WINNER – Trevor Tezel, a Georgetown University junior reading us from Merritt Island, Fla., was first to correctly answer that the late Bill McBride and Alex Sink were a husband-and-wife duo who both ran unsuccessfully for the same gubernatorial office. McBride was the Democratic nominee for Florida governor in 2002, while Sink was the Democratic nominee in 2010.


But there was at least one other correct answer: David Mogenstern answered that former Sen. Kay Bailey Hutchison unsuccessfully ran for governor in 2010, the same office her husband, Ray Hutchison, had failed to win in 1978.


TODAY’S TRIVIA – On this day in 1959, Hawaii became the 50th state.  The longest word in Hawaiian, “Humuhumunukunuku?puaa,” is what honoree in English? The first person to correctly answer gets a mention in the next day’s Huddle. Email me at ggibson@politico.com.


GET HUDDLE emailed to your Blackberry, iPhone or other mobile device each morning. Just enter your email address where it says “Sign Up.” http://www.politico.com/huddle/


**A message from POWERJobs: New jobs on our radar this week: Senior Strategic Policy Advisor at AARP, Director of Development at Brady Campaign & Center to Prevent Gun Control and Senior Legislative Counsel at Human Rights Campaign. Interested? Apply to these jobs and more at POWERJobs.com; finally, a career site made for YOU!**




POLITICO – Top 10 – Huddle



ALL QUIET ON THE ANTI-IMMIGRATION FRONT -- DCCC and NRCC tie in fundraising, RNC outraises DNC -- CRUZ"S CANADA CONUNDRUM – Al Jazeera America launches – SUMMERS, YELLEN ANGLING