Game Over Ben, Game Over?
Maybe Senators had an advance look at Albert Edwards' report, or maybe the fog of Wall Street whispering sweet bribing nothings into their ears is finally lifting, but that vote we were supposed to have tomorrow to reconfirm Ben? Ain't happening.
From Dow Jones:
WASHINGTON (Dow Jones)--The U.S. Senate is "unlikely" to hold a confirmation vote on Federal Reserve Chairman Ben Bernanke's second term at the helm of the central bank, a senior Democratic leadership aide said Thursday.
Earlier this week, leadership aides said it was possible lawmakers would seek to vote on Bernanke's confirmation on Friday, but that now seems doubtful, the aide said.
The Fed chief's four year-term ends on Jan. 31. It is unclear what would happen if the Senate fails to approves him for a second term before then.
Bernanke is widely expected to be confirmed once a vote is held, but there are a handful of lawmakers preventing the Senate from moving directly to a vote. One of those, Sen. Bernie Sanders, a Vermont Independent who generally votes with the Democratic majority, is pressing for President Barack Obama to withdraw Bernanke's nomination and select another candidate to lead the Fed.