Janet Yellen’s nomination to be chairman of the Federal Reserve won support from the Senate Banking Committee today in a 14-8 vote, moving her bid to be the Fed’s first female head to the Senate for confirmation.
Four Senate Republicans say they’re inclined to support Janet Yellen to be chairman of the U.S. Federal Reserve, leaving her nomination one vote shy of the 60 she needs to be confirmed by the full Senate.
For the second time in two weeks, U.S. Senate Republicans blocked one of President Barack Obama’s nominees for a federal appeals court considered the nation’s second-highest because of its influence over government regulations.
Congress probably will consider loosening restrictions on U.S. oil exports, though a push by industry to sell more crude overseas will be resisted by members concerned about the impact on gasoline prices, lawmakers said.
U.S. lawmakers began taking the first tentative steps toward a path to raising the government’s debt limit even as the rhetoric between President Barack Obama and Republican leaders grew more divisive.
Seven Senate Republicans said they are holding open the possibility of backing Democrats’ plan for a debt-ceiling increase without conditions, raising the prospect for sending a measure to the House before the deadline.
Alaska Senator Lisa Murkowski will try to return to Congress with a write-in campaign, after losing a renomination battle to a Republican primary challenger backed by Sarah Palin and the Tea Party movement.