Senate Swamped: Vote on Yellen for Fed Chair Upcoming
President Barack Obama’s pick for the next chair of the Federal Reserve has yet to be confirmed, but that likely will be soon be rectified, as will the delayed confirmation of the new Internal Revenue Service commissioner. According to Bloomberg, Sen. Harry Reid (D-Nev.) said the Senate may vote on Janet Yellen’s confirmation to replace current Federal Reserve Chair Ben Bernanke on Thursday, along with finalizing the new IRS head.
Bloomberg reports that Reid said he hopes Republicans and Democrats can avoid continued tension over the change in filibuster rules — a change pushed by Democrats to stop Republican filibuster stalls that prevented an earlier confirmation of Yellen and IRS candidate John Koskinen. The filibuster rules were changed as of November 21 and resulted in two all-nighters in a row for the Senate as Republicans protested the alteration.
“This week, the Senate has just as much to achieve as it did last week, and without collaboration we will face another daunting vote schedule,” Reid said to Bloomberg. He even suggested that Christmas Eve would be on the table for meetings if the need arose.