January 26th, 2010
08:46 PM ET
12 years ago

Senate will vote Thursday on Bernanke confirmation

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.

Filed under: Ben Bernanke • Federal Reserve • Senate
soundoff (6 Responses)
  1. Stop the Madness

    Vote NO. We can not afford any more of this spending.

    January 26, 2010 08:58 pm at 8:58 pm |
  2. Mrs. S Callahan

    That would a NO vote right.....Where is Keyes???

    January 26, 2010 09:13 pm at 9:13 pm |
  3. Chris W

    "I believe that Chairman Bernanke is going to be confirmed and going to be confirmed on a bipartisan basis," McConnell said

    Well, I hope enough Dems & Repubs listen to their constituency & vote that Chairman Bernanke is going to -NOT- be confirmed "on a bipartisan basis".

    Actually fantasizing Democrats and Republicans could act together in a bipartisan way and do what is overwhelmingly obvious that the voters want is like hoping a crack head will give up cigarettes. ESPECIALLY when it comes to their Wall Street overlords.

    January 26, 2010 10:28 pm at 10:28 pm |
  4. Illinoistom

    Why should Bernanke pay for Greenspan's screw up? This may be the only time I ever agree with little Dick Durbin.

    January 26, 2010 10:39 pm at 10:39 pm |
  5. J.V.Hodgson

    Despite all the bru ha ha this guy will be confirmed and my guess is the vote will be in the 70's plus in favour.
    I think democrats have made mistakes with this kind of vote delaying tactic I think they should say this is the nominee... and have a debate with a 10 minute cut off time for each speaker, and put the whole thing on Cspan. It would take One congressional day max at which point an up down vote simple majority wins. that would assume all 40/41 republicans want to speak and say 15 Democrats.
    My point really on this one is that it's really hard realistically for all Republicans to vote against a previously Republican nominated Fed chairman!!

    January 26, 2010 11:43 pm at 11:43 pm |
  6. billy123

    If the FED CHAIRMAN would of only bailed out main street instead of WALL STREET. If MAIN STRRET was bailed out then Wall Street would of never crashed.

    I vote no on the current Chairman too.

    January 27, 2010 12:52 am at 12:52 am |