The Senate has voted to approve the nomination of Janet Yellen as the next leader of the U.S. Federal Reserve. With Monday’s vote, Yellen, 67, will become the first woman to serve as America’s banking chief, heading an institution that was established in 1913.
Japan’s cabinet has approved a large defense buildup plan that includes the purchase of new drones, stealth aircraft and amphibious vehicles in what is widely viewed as a response to China’s growing military might and a tense standoff over disputed islands claimed by both countries.
Despite the fact that the U.S. and Afghanistan are at odds over a security agreement that allows U.S. troops to remain in the country past 2014, Hagel has no plans to meet with Afghan President Hamid Karzai, who has refused to sign the security agreement.
Former NASA Administrator Daniel Goldin pioneered a “faster, better, cheaper” approach to America’s space program, but he would have been hard-pressed to deliver a Mars mission for the bargain-basement price of India’s first probe to the red planet, which blasted off Tuesday.