Newark Mayor Cory Booker has won the U.S. Senate seat after a special election in New Jersey yesterday. The victory makes Booker the first-ever African American U.S.
Senator from New Jersey and the first African American to be elected to
the Senate since Barack Obama in 2004.
Never mind the politics behind the debate over increasing the debt
ceiling. If the U.S. government eventually cannot pay all its bills,
will it matter to households, consumers and the economy? The
Atlanta Journal-Constitution in the past few days spoke to economists,
as well as to budget, banking and finance experts, to get the answers.
The list is out. Every year, Fortune releases a much-anticipated
compilation of some of America’s most esteemed and savvy businesswomen
who are reinventing, reenergizing and revolutionizing their industries. This year, Ursula Burns, Rosalind Brewer and Shonda Rhimes made the list.
At its annual legislative conference, the Congressional Black Caucus
Foundation announced its donation of $5 million to five African American
owned banks. Among them are Industrial Bank in
Washington, D.C.; Liberty Bank & Trust Company in New Orleans;
Mechanics & Farmers Bank in Durham; Seaway Bank & Trust Company
in Chicago and City National Bank of New Jersey in Newark.