AP - President Barack Obama is taking a break from his Martha's Vineyard vacation today to offer Federal Reserve Chairman Ben Bernanke another four-year-stint at running the central bank.

Reuters - Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.

Bloomberg - Aug. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst economic slump since the Great Depression, will be nominated to a second term by President Barack Obama.

Politico - President Barack Obama will announce plans to nominate Federal Reserve Chairman Ben Bernanke to a second term Tuesday morning, a White House official tells POLITICO.

AFP - The dollar was mixed on Tuesday as dealers waited to see whether US economic data would support recent optimism over a possible recovery and eyed fresh falls on the Chinese stock market.

AP - Consumer sentiment rose more than expected in August and expectations hit the highest level since the recession began, indications that Americans' pessimism about the economy may be lifting.

AFP - President Barack Obama must do more to pare back the budget deficit and cut the ballooning US national debt, which poses a 'mortal threat' to the US economy, a top Republican lawmaker said on Tuesday.

Bloomberg - Aug. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst economic slump since the Great Depression, was nominated to a second term today by President Barack Obama.

AFP - President Barack Obama on Tuesday awarded Federal Reserve Chairman Ben Bernanke a second term, charging him with steering the US economy out of the worst slump since the 1930s.

AFP - US President Barack Obama warned on Tuesday the US economy had a 'long way' to go before it reached full recovery as he awarded Federal Reserve chairman Ben Bernanke a second term.

AP - For-profit education company Corinthian Colleges Inc. said Tuesday that it expects new student enrollments to fuel sales and profit in fiscal 2010 as unemployment rises.

Reuters - Prices of U.S. single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday.

AFP - Federal Reserve Bank chairman Ben Bernanke, who was reappointed to a second four-year term Tuesday, is a renowned expert on the Great Depression, driven to avoid a repeat of such devastation.

AP - It used to be the government's budget picture was measured in billions of dollars. No longer. Trillions, that's the yardstick of the 21st century.

AFP - The dollar fell against the euro on Tuesday amid hopes of greater economic stability after US President Barack Obama awarded Federal Reserve chief Ben Bernanke a second four-year term.

AP - WHAT HAPPENED?: Consumer confidence improved more than expected in August, and a nationwide gauge of home prices rose for the first time in three years, a sign the housing sector is stabilizing.

AP - Federal Reserve Chairman Ben Bernanke has been praised for averting another Great Depression and accused of acting too late to prevent the financial crisis. But most agree that many of his bold actions helped stabilize financial markets and prevent the crisis from deepening.

AP - Americans' pessimism about the economy appears to be lifting, with consumer expectations for the next six months hitting their most positive point since the recession began.

Politico - Ben Bernanke may be a shoo-in for confirmation as Federal Reserve chairman, but that doesn't mean his confirmation hearing will be painless.

AP - You can find a bright spot in the recession as close as your mailbox: There are far fewer hefty catalogs, bulging coupon packets, unwanted credit card offers and glossy fliers clogging it up.

AFP - The dollar steadied against the euro Tuesday amid hopes of greater economic stability after US President Barack Obama named Federal Reserve chief Ben Bernanke for a second term.

AP - Analysts, lawmakers and the financial industry generally reacted positively to news that Ben Bernanke would be re-nominated as Federal Reserve chairman. But some offered a dose of constructive criticism.

U.S. News & World Report - It's not surprising that Ben Bernanke is getting a second round as chairman of the Federal Reserve. Had President Obama bounced Bernanke after one two-year term, it would have sent an unsettling message just as the economy appears to be turning the corner. And history may show that Bernanke's aggressive intervention in the economy over the last 18 months has been much more prudent than the hands-off approach his detractors would have preferred.

Investor's Business Daily - President Obama nominated Federal Reserve Chairman Ben Bernanke to a second four-year term Tuesday as improved housing and consumer confidence data reinforced views that the central bank chief has helped guide the economy out of its deepest recession in decades.

Investor's Business Daily - Monetary Policy: The renomination of Fed chief Ben Bernanke to a second term came as no big surprise. The same can't be said for the naming of a union activist as head of the New York Federal Reserve.

AP - Americans' pessimism about the economy appears to be lifting, with consumer expectations for the next six months hitting their most positive point since the recession began. And a national gauge of home prices has posted its first quarterly increase in three years.