Obama Urges Assault Weapons Ban, Background Checks

Jan. 16 (Bloomberg) -- President Barack Obama called for a renewal of a ban on assault weapons and high-capacity ammunition magazines as well as universal background checks as he presented the most ambitious set of gun control proposals in decades. He spoke at an event at the White House. (This is an excerpt. Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
01:38 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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