Thursday, January 28, 2010
Bernanke Almost There...
According to CNBC:
I think some senators are voting to end debate but then will vote against confirmation, so they can say, "I voted against Bernanke!" in the fall.
As Robert Wenzel points out, the Senate's vote occurs after the markets closed, perhaps to avoid embarrassing the Printer in Chief.
Federal Reserve Chairman Ben Bernanke won a key procedural vote in the Senate, clearing the way for his confirmation for a second term running the world's most powerful central bank.So it's not quite official yet, but it looks like it will go through. They needed 60 votes to end debate (or whatever) and now they just need 51 to confirm him.
The Senate is now moving to final confirming vote.
Bernanke was expected to win the Senate's backing despite the stiffest opposition to any nominee for Fed chairman in the nearly 32 years the Senate has voted on the position.
I think some senators are voting to end debate but then will vote against confirmation, so they can say, "I voted against Bernanke!" in the fall.
As Robert Wenzel points out, the Senate's vote occurs after the markets closed, perhaps to avoid embarrassing the Printer in Chief.
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: January 29, 2010 at 10:08 PM
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