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Archive for Friday, January 29, 2010

Bernanke wins 2nd term in closest vote

January 29, 2010

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— Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.

The Senate confirmed Bernanke for a new four-year term by a 70-30 vote, a seemingly solid majority but 14 votes worse than the closest previous vote for a Fed chairman.

President Barack Obama hailed the Senate’s action and praised Bernanke’s “wisdom and steady leadership.”

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