Tags: white | house | yellen | endorsement

Report: White House Asks Dem Senators to Endorse Yellen

By Dan Weil   |   Friday, 20 Sep 2013 03:48 PM

The White House is asking Democratic senators to start offering their public support for Janet Yellen as Federal Reserve Chairman, a Senate Democratic aide told Politico Friday.

A variety of media reports say that Obama administration officials are making clear that Fed Vice Chairwoman Yellen is Obama's choice after former White House economic adviser Larry Summers withdrew from consideration Sunday.

The Wall Street Journal reported Thursday that Yellen's name has come up in conversations between White House and Senate officials about the process for nominating the next chairman.

The Senate Democratic aide said the White House is urging senators to unite in favor of Yellen. "They are discussing a possible nomination and urging members to publicly defend her," the aide said.

In July, Democratic senators sent a letter to Obama urging him to choose Yellen. About one-third, or 18, of the Senate's 54 Democrats and their allies signed the letter, Senate aides told The Journal.

Even if Yellen gets all 54 of those votes, she'll need the support of six Republicans as well to achieve the 60 votes needed for confirmation. And that may not be easy.

Related Story:

With Summers Departure, Liberals Push Yellen for Fed Chair


© 2015 Newsmax. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved