The U.S. central bank says it will trim another $10 billion from its bond buying program, saying that despite weaker than expected job growth, the world’s largest economy is gaining strength. The announcement Wednesday means the Federal Reserve will buy $65 billion in securities next month, instead of the $75 billion it purchased in January. The program, called quantitative easing, is credited with stimulating the U.S. economy by making more money available to investors and keeping interest rates low. But as Mil Arcega reports, investors who have grown accustomed to the monetary stimulus are having a hard time letting go.
Among the major environmental decisions the Obama administration faces in coming weeks is whether to approve the Keystone XL pipeline that will carry tar sands oil from Canada across North America to coastal refineries in Louisiana. The debate pits those who say it will bring jobs and energy security against others who argue that the extraction of tar sands oil will harm the environment. VOA’s Rosanne Skirble has the story of an artist who is stepping into this controversy with an exhibit at the Corcoran Gallery of Art in Washington, D.C.
America’s biggest sporting event - the Super Bowl - has a major global following. Viewers around the world will tune in to American football’s championship game this Sunday to watch the Denver Broncos face the Seattle Seahawks. It’s the first outdoor, cold weather Super Bowl in NFL history - this year held at MetLife stadium in New Jersey, just outside New York City. VOA's Bernard Shusman reports from the frenzy at Media Day in Newark, New Jersey.