Bernanke: Bernanke’s future as Fed chair in growing doubt
The populist brushfire that has burned through Democratic fortunes this week threatened Friday to claim Federal Reserve Chairman Ben S. Bernanke, imperiling his nomination for a second term and sending an unsettled stock market tumbling for the third straight day. More
Latest News: Bernanke
Harry Reid Says He Will Back Bernanke
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Bernanke likely to survive close vote
You can breathe easy, Ben. One of the chief architects of rescue efforts during the financial crisis, Federal Reserve Chairman Ben S. Bernanke is looking at one of the closest confirmation votes in history. As the Jan. 31 deadline for his confirmation looms, a growing number of senators from both….
White House Fights For Bernanke Support In Senate
White House still believes Bernanke gets 2nd term.
Reid: I’ll Back Bernanke
Senate majority leader gives ‘conditional’ yes to new term for Fed Reserve chairman as Obama fights opposition• YOU DECIDE: Should Bernanke Stay or Go–• Obama: I Won’t Give Up on Health Care• Brown Victory Gives Republicans Second Wind.
How Bernanke Became A Toxic Asset
With Federal Reserve Chairman Ben Bernanke’s term coming to an end on January 31, what once seemed implausible has quickly become a genuine political possibility: he might not have the votes to win confirmation. On Friday, a host of lawmakers expressed either skepticism or downright opposition to a second term for the man appointed by George W. Bush and re-nominated by President Barack Obama. By day’s end, it was unclear whether the Fed Chairman had the 60 votes needed to move his nomination forward, raising speculation that the president would have to pull the nomination. How, exactly, did it come to this– Aides on Capitol Hill were asking themselves that very question. One high-ranking Democrat said that until recently, the Bernanke nomination was barely discussed in leadership meetings and even less frequently in caucus gatherings.
Growing opposition puts Bernanke approval in question
A second term for Federal Reserve Chairman Ben Bernanke became more uncertain Friday as two leading liberal senators announced that they will vote no, and many other Senate Democrats said they are undecided..
Bernanke future in doubt as Dems defect
Fed chief Ben Bernanke’s confirmation for a second term received another body blow when a few key Democrats said they would be opposed to letting him continue to steer the economy..
Senate Scorecard: Does Bernanke Have The Votes– SEE The Latest Tally
Opposition to the reconfirmation of Ben Bernanke as Federal Reserve Chairman is growing in the Senate. Bernanke’s four-year term at the helm of the U.S. central bank expires on January 31. HuffPost’s Ryan Grim, Sam Stein and Jeff Muskus are tracking down as many senators as possible to get them on the record as for or against Bernanke’s confirmation — and we’re also checking news reports. Check back here for continually updated tallies. Read the latest news here, and on our Ben Bernanke Big News Page. More on The Fed.
Opposition Grows Against Second Term for Bernanke
Even if the nomination of Ben S. Bernanke is approved, the anxiety surrounding it highlights how both parties are trying to understand the anger toward the government and Wall Street..
Senate Support for Bernanke Suddenly Shaky
Democratic leaders not sure If Fed boss has the votes for reconfirmation..
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Bernanke’s Doom Loop by Gary North
The problem has never been the balance sheets of commercial banks. The problem has been the balance sheets of central banks, which supply the banking system with reserves. Much as I hate Goldman Sachs — the bank we love to hate — the problem did not originate with Goldman Sachs. It originated with the Federal Reserve System.
Fed chairman Bernanke faces growing opposition
President Barack Obama’s administration is scrambling to save the nomination of Federal Reserve chairman Ben Bernanke as more opposition emerges from members of the president’s own party.
Reid Says He’ll Back Bernanke
The White House is standing by Ben Bernanke, saying President Obama is confident he will be confirmed for a second term as Federal Reserve chairman despite emerging opposition.
KANNEKTED: Ben Shalom Bernanke
chk out
Bernanke fate in doubt as US Senate opposition swells
WASHING…
Opposition Grows Against Second Term for Bernanke
The Obama administration struggled on Friday to secure confirmation of Ben S. Bernanke to a second term as chairman of the Federal Reserve, underscoring the political upheaval as both parties tried to find their footing amid a powerful wave of populism.
Merkley opposes a second term as Fed chairman for Bernanke
Merkley vows to vote against giving Ben Bernanke a second term as chairman of the Federal Reserve, saying the economist is too close to Wall Street and constructed the policies that led to the deepest recessions in a generation.
Most-Discussed News Articles
Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke – Political Punch
Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn’t sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve. Bernanke’s term…
White House still believes Bernanke gets 2nd term – Yahoo! News
White House still believes Bernanke gets 2nd term (AP): AP – President Barack Obama believes Federal Reserve … http://bit.ly/8Oakph
Boxer, Feingold Come Out Against Fed Chairman Bernanke – WSJ.com
#US #news More Democrats Oppose Bernanke http://url4.eu/1C9jz
Fed’s Bernanke Faces Senate Tighter Vote on Second Term – WSJ.com
Fed’s Bernanke Faces Tighter Vote in Senate http://bit.ly/4WBmzx
Bernanke vote shakier as more Democrats defect| Reuters
Bernanke vote shakier as more Democrats defect: WASHINGTON (Reuters) – Two U.S. Senate Democrats on Friday said th… http://bit.ly/8RMnn2
Recent Twitter Activity
- RT @dawnteo: via @GAlafoginis chants for @jdhayworth during McCain speech; McCain will vote NO against Bernanke; #arizona #p2 #tcot
- I rated a YouTube video (5 out of 5 stars) — 1/22/10 Peter Schiff on CNBC’s Fast Money: China and Bernanke http://youtu.be/fnzVyS412-I–a
- RT @minipundit Ha ha, Simon Johnson. You slay me: http://bit.ly/77hpVE #mustread #krugman #bernanke #fed
- As Senate leaves #Bernanke high & dry; remember that #Congress is as culpable as Fed for financial crisis. $$ #economy
- Bernanke Faces More Senate Opposition|Senators Hold Up Bernanke’s Confirmation (AP) Federal Reserve Chairman Ben .. http://oohja.com/x5obW
- "Mr. Bernanke has been a lightning rod for public anger over the bailout of the banking system" – Save the economy, get grief…
- A No Vote on Bernanke is a Major Fundamental Event: By FX Instructor There is a growing belief that Federal Reserve Chairman Ben Ber…
- RT @azcapitoltimes: In speech to state party, @SenJohnMcCain says he will vote against Bernanke confirmation.
- Bernanke no sure bet in the Senate (Politico)http://bit.ly/7a07NP
- US Senate Defers Action On Debt Limit,Bernanke Till Next Week http://finance.nitews.com/c24c
- Wall Street: Bernanke doubts bring Wall Street downObama Blasts Supreme Court Over Citizens United DecisionMarket … http://bit.ly/5q1lN8
- @zerohedge if Bernanke goes down, Volcker steps in for 12 mo stint.
- RT @NYTimeskrugman: The Bernanke Conundrum http://bit.ly/4J6MJQ
- Bernanke may be the sacrificial lamb for his lack of vision to forecast the financial meltdown. Another blow to President Obama
- Economic Collapse Update ” Ben Bernanke Speaks (http://cli.gs/av4vt)
News Media
U.S. stocks week ahead: Flirting with correction – MarketWatch
A Federal Reserve rate meeting, President Barack Obama's state of the union address and the possibility that Fed Chairman Ben Bernanke won't get his …
Geithner’s phone logs count down AIG bailout – Los Angeles Times
Geithner, who became Treasury secretary in January 2009, also spoke 10 times each with Federal Reserve Chairman Ben S. Bernanke and Henry Paulson, …
Clem’s Chronicles: Terror Concerns/Obama and Jobs/Ben Bernanke – ABC News (blog)
BEN BERNANKE-Federal Reserve Chairman Ben Bernanke has certainly had his critics during his first term honchoing the central bank. …
Senator Bayh Says He Expects Bernanke to Win Confirmation – BusinessWeek
22 (Bloomberg) — Senator Evan Bayh, an Indiana Democrat, predicted that Federal Reserve Chairman Ben S. Bernanke will be confirmed by the US Senate for a …
Bernanke wins, then loses, support: poll – MarketWatch (blog)
News that more senators are abandoning the idea of Ben Bernanke's reappointment is foisting some unwanted volatility on investors. The Dow Jones Industrial …
Whither Government Finance Heads Geithner And Bernanke– – Atlantic Online
Remember the good old days when President Obama and Congressional Democrats voiced their staunch support for Federal Reserve Chairman Ben Bernanke and …
Morning Money Links: Bernanke’s job on the line; California’s ‘good news … – Los Angeles Times (blog)
— The silver lining, such as it is: Rising fears about an economic slowdown in China continue to drive commodity prices lower. …
US Two-Years Gain on Bank Plan, Bernanke Confirmation Concern – BusinessWeek
Lawmakers raised questions about confirming Bernanke for a second term as chairman of the central bank. There is a general nervousness, said Andy Richman, …
The Bernanke Conundrum – New York Times (blog)
A funny thing happened on the way to the Bernanke confirmation: the vote in Massachusetts turned an easy coronation into a tough fight. …
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