By Nicholas Santiago on January 28th, 2010 12:58pm Eastern Time
Recently Federal Reserve Bank Chairman Ben Bernanke has come under major pressure regarding his confirmation for a second term. Many supporters of the Chairman in Washington has stated that he has plenty of votes to be confirmed. His confirmation will require 60 votes from the Senate to overcome a threatened filibuster.
The Federal Reserve Bank Chairman has recently been endorsed by President Barak Obama, former President Bill Clinton, and former Federal Reserve Bank Chairman Paul Volker, and Alan Greenspan.
Senators from both parties have stated that they will not support the current Federal Reserve Bank Chairman. Democratic Senators Barbara Boxer(CA-D), Russ Feingold(WI-D), and Tom Harkin(IA-D) have all stated that they do not support Chairman Bernanke. While many Republicans such as John McCain(AZ-R), Jim DeMint(SC-R), David Vitter(LA-R), and independent Bernie Sanders(VT-I) have all gone on record against the confirmation and reappointment of the Fed Chairman Ben Bernanke.
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