New Fed Head: President Obama on Wednesday will nominate Federal Reserve Vice Chair Janet Yellen to lead the U.S. central bank, The Washington Post reports. The renowned economist will be the first female chief of the Fed and serve as the top regulator of the nation's financial system. Yellen is not expected to face any significant opposition in the Senate.
Surface Rights: Across the United States, tens of thousands of families have in recent years moved into new homes where their developers or homebuilders, with little or no prior disclosure, kept all the underlying mineral rights for themselves, Reuters reports. "All the smart developers are doing it," says Lance Astrella, a Denver lawyer.
Suing the U.N.: Advocates for Haitian victims of a deadly cholera epidemic said they will sue the United Nations today in Manhattan federal court, asserting that the organization’s peacekeeping force in Haiti was responsible for introducing the disease through sewage contamination from its barracks. It's not clear that the suit will be accepted by the court, which affords broad latitude to diplomatic protections for the United Nations against such litigation, The New York Times reports.
Suits R Us: Jos. A. Bank Clothiers Inc., the century-old retailer of men’s apparel, is seeking to buy larger competitor Men’s Wearhouse Inc. for $2.3 billion in cash, Bloomberg reports. Skadden, Arps, Slate, Meagher & Flom is working on the deal.
Debt Limit Deniers: A hard-core group of Republicans in Congress are refusing to believe the scary tales of default. These debt limit deniers are one reason why raising the debt limit transformed over the past three years from a largely pro forma exercise in grandstanding into a high-stakes game of political chicken, Politico reports.