BEN BERNANKE CONFIRMATION VOTE: SENATE GIVES FED CHAIR A SECOND TERM
Baku, 29 January (AZERTAC). The U.S. Senate confirmed Ben Bernanke to a second term as Federal Reserve chairman on Thursday after a furious lobbying effort from the administration and threats from leading Democrats and Wall Street investors that the market would tank if Bernanke was turned back.
Seventy seven senators voted to end a filibuster, but when the final vote came, only 70 voted to support him, meaning seven cast one vote to move him forward and one vote against. The 30 no votes against Bernanke were the most any Federal Reserve chair nominee has ever received.
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