The flood waters in Colorado continue to rise, as rescuers fight to reach dozens of people trapped in their homes by the “biblical rainfall amounts,†according the National Weather Service. At least three people have been killed, one is still missing, and hundreds have been forced from their homes. Officials have called for the evacuation of thousands of Boulder residents. President Obama declared the site a national emergency Thursday night, freeing up federal aid and FEMA to begin disaster relief. "It is not an ordinary disaster,'' County Sheriff Joe Pelle said. "All the preparation in the world ... can't put people up those canyons while these walls of water are coming down.â€
Yellen Is Now Top Fed Hopeful
Federal Reserve Vice Chairwoman Janet Yellen emerged as the front-runner to become the White House's nominee to lead the central bank, a day after Lawrence Summers pulled out of the contest amid congressional resistance, according to people familiar
