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BREAKING NEWS: A federal appeals court rules 2-1 that subsidies that helped people buy insurance at healthcare.gov are illegal.

WASHINGTON (Reuters) - A U.S. appeals court on Tuesday threw out a federal regulation that implements key subsidies that are vital to President Barack Obama's healthcare overhaul. The U.S. Court of Appeals for the District of Columbia Circuit accepted one of the main legal challenges to the policy by conservatives opposed to an expansion of the federal government. A three-judge panel returned the case to a lower court with instructions to rule in favor of appellants who had sued to overturn t...

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Yellen to deliver second day of testimony on February 13

U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the ne
U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the ne

WASHINGTON (Reuters) - Incoming Federal Reserve Chair Janet Yellen will testify on the economy before the U.S. Senate Banking Committee on February 13, an aide for the panel said on Friday.

The hearing will be held at 10:30 a.m., the aide said.

It will be Yellen's second day of testimony on the Fed's semiannual monetary policy report. She is scheduled to testify before a House panel on February 11.

(Reporting by Margaret Chadbourn; Editing by James Dalgleish)

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