[video] Quick Take: Congress Focuses on Yellen, Minimum Wage, Unemployment
NEW YORK (TheStreet) -- Congress is back in session and TheStreet's Joe Deaux reports that both Republicans and Democrats are already focusing on how to control both houses of Congress in this critical mid-term election year.
Senate Democrats are looking to rejuvenate the emergency unemployment benefit system. Deaux, quoting sources, said Democrats are looking for a three-month, $6.5 billion extension to the program. This could gain support from Republicans if funding can be found.
A minimum wage showdown could also be in the wings this year as Democrats look to hike the federal minimum wage rate to $10.10, Deaux said. Thirteen states have already increased their minimum wages, and there could be federal legislation next, Deaux suggested.
Finally, Janet Yellen is expected to be comfirmed as head of the Federal Reserve. The confirmation is slated for 5:30 p.m. EST, on Monday.-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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