Washington (CNN) - The Senate will vote Thursday on whether to give Ben Bernanke a second term as Federal Reserve chairman, according to Senate Majority Leader Harry Reid's spokesman.
Jim Manley, the spokesman for Reid, said Tuesday that Senate leaders reached agreement on holding the Bernanke vote on Thursday morning in addition to a vote on raising the federal debt ceiling.
Democratic leaders and White House officials say they expect to muster the 60 votes necessary to overcome opposition to confirming Bernanke for a second term.
Some members of the Senate Democratic caucus, led by independent Bernie Sanders of Vermont, have said they would oppose Bernanke's confirmation for a second term.
That news last week contributed to a brief downturn in U.S. financial markets and prompted Senate leaders including Dick Durbin of Illinois, the second-ranking Democrat, to publicly endorse the Bernanke nomination.
In addition, some Republicans have said they oppose Bernanke's nomination while others support him.
Senate Minority Leader Mitch McConnell, R-Kentucky, said Tuesday that he expects Bernanke to win confirmation, though McConnell refused to say how he would vote.
"I believe that Chairman Bernanke is going to be confirmed and going to be confirmed on a bipartisan basis," McConnell said.