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Support for Bernanke confirmation | Support for Bernanke confirmation |
(3 days later) | |
The White House says it is confident of Ben Bernanke's confirmation as Federal Reserve chairman for a second term. | The White House says it is confident of Ben Bernanke's confirmation as Federal Reserve chairman for a second term. |
The top Republican in the US Senate, Mitch McConnell, also said that he believed Mr Bernanke would be confirmed with bi-partisan support. | The top Republican in the US Senate, Mitch McConnell, also said that he believed Mr Bernanke would be confirmed with bi-partisan support. |
However Mr McConnell did not say if he would be voting for Mr Bernanke. | However Mr McConnell did not say if he would be voting for Mr Bernanke. |
There has been opposition from senators in both parties to Mr Bernanke's second term. Critics say he did not do enough to prevent the economic crisis. | There has been opposition from senators in both parties to Mr Bernanke's second term. Critics say he did not do enough to prevent the economic crisis. |
Many feel he has paid too much attention to Wall Street and not enough attention to the general American public - where unemployment has touched 10% and many are struggling with mortgage repayments. | Many feel he has paid too much attention to Wall Street and not enough attention to the general American public - where unemployment has touched 10% and many are struggling with mortgage repayments. |
Senators are scheduled to vote on Mr Bernanke by the end of the week. | Senators are scheduled to vote on Mr Bernanke by the end of the week. |
Mr Obama is thought to have contacted Senate allies over the weekend to make the case for Mr Bernanke. | Mr Obama is thought to have contacted Senate allies over the weekend to make the case for Mr Bernanke. |
"The readings he's getting from his conversations are that Chairman Bernanke will be confirmed," Senior White House adviser David Axelrod told CNN. | |
"We're still in a fragile state here, even though the economy is growing and we need his leadership. He has been a very steady hand in this crisis," he added. |
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