Senate panel clears Bernanke nomination

From: The Washington Times | December 17, 2009 

WASHINGTON (AP) -- A Senate panel on Thursday approved the nomination of Federal Reserve Chairman Ben S. Bernanke to run the nation's central bank for another four years. The Senate Banking Committee voted 16-7 to send Bernanke's nomination to the full Senate for consideration. Approval came after a two-hour debate that heaped both praise and criticism on the Fed chief. Though Bernanke, 56, appears to have enough votes in the Senate to win a second term, six Republicans and one Democrat on the committee did line up against him. They blame him for not spotting problems that led to the ...

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