Friday, January 22, 2010

ABC News: Senate leadership uncertain if enough votes to re-confirm Bernanke

by Bill McBride on 1/22/2010 08:47:00 AM

From ABC News: Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke

... ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.

Bernanke's term expires on Jan. 31.
...
[Sen. Bernie Sanders, I-Vt.], Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote.
From the WSJ: Fed's Bernanke Faces Tighter Vote in Senate
Ben Bernanke's confirmation for a second term as Federal Reserve chairman will go down to the wire and could be a closer vote than seemed likely just a few weeks ago.
...
Mr. Bernanke met with Senate Majority Leader Harry Reid Thursday as Democratic and Republican leaders surveyed senators to tally votes on the nomination. Mr. Bernanke needs 60 supporters to win approval for another four-year term.