US Senate to vote on Yellen, budget next week
The US Senate will vote next week on the new budget deal and Janet Yellen`s nomination to lead the Federal Reserve, Senate Majority Leader Harry Reid said Friday.
New York: The US Senate will vote next week on the new budget deal and Janet Yellen`s nomination to lead the Federal Reserve, Senate Majority Leader Harry Reid said Friday.
While Yellen`s approval is almost certain to go through, the budget, just passed by the lower house of Congress, could run into trouble.
"On Tuesday, we`ll begin consideration of the budget. On Wednesday, the defense bill, and after that we`ll address further nominations, of which the most important one is Janet Yellen," Reid said on the Senate floor.
Yellen, currently number two at the Fed and picked by President Barack Obama to replace outgoing chairman Ben Bernanke, is expected to gain easy approval.
The date for the vote has not been set, but Reid has said he wants the Senate to complete its work in this session by Friday, December 20 so legislators can then head out for the Christmas holiday.
Bernanke`s last day, at the end of a second four-year term, is January 31.
The budget bill, a Democrat-Republican compromise that reduces scheduled cuts over the next two years, could run into resistance after the House of Representatives pushed it through on Thursday with overwhelming support.
Some Senate Republicans, including Kelly Ayotte and conservative star Marco Rubio, have said they will oppose it, opening the possibility of a stall on a final vote.
"This budget continues Washington`s irresponsible budgeting decisions by spending more money than the government takes in," Rubio said in a statement.