Sunday, January 24, 2010

Obama Checks on Bernanke Support

It looks like Federal Reserve Chairman Ben Bernanke will be voted in for a second term, by a very slim margin, so slim that President Obama was personally making calls to check on the vote in the senate, according to Reuters.

In a sign of how worried the White House is about a sudden recent surge in opposition to Bernanke's renomination, Obama contacted the Democratic Senate leadership and others to make sure it had enough votes.

"(The) president made ... calls to a few senators this afternoon including leadership to make sure everything is on track and he has been assured that Bernanke is on track for confirmation," a senior administration official said.

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