Thursday, January 28, 2010

Bernanke Update

Fed Chairman Ben Bernanke just cleared a major hurdle a few minutes ago when the Senate voted 77-23 to end debate (cloture vote) on his reappointment. This means that there should be a final up or down vote coming sometime this afternoon/evening. I'll throw up the final vote tally when it becomes available.

UPDATE (4:24pm): Ben Bernanke has been confirmed by the US Senate 70-30.

Interesting fact: Bernanke received more “no” votes than any nominee for Fed chairman since Paul Volcker was confirmed to a second term by a vote of 84 to 16 in 1983.

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