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Fri Sep 13, 2013, 09:45 PM

Jon Tester Would Vote Against Larry Summers For Fed Chair

Source: Huffington Post

WASHINGTON -- Sen. Jon Tester (D-Mont.) will vote against Larry Summers if President Barack Obama nominates his former economic adviser to head the Federal Reserve, Reuters reported Friday, citing Tester spokeswoman Andrea Helling.

Three progressive, bank-reform oriented senators are already expected to oppose Summers if he is nominated: Sens. Elizabeth Warren (D-Mass.), Jeff Merkley (D-Ore.) and Sherrod Brown (D-Ohio). All three serve on the Senate Banking Committee, which would have to approve any nominee for Federal Reserve chair before sending the vote to the Senate floor, as does Tester. Since Democrats only have a two-vote majority in the committee, Summers would need to pick up Republican support in the committee in order for his nomination to advance.

Tester has close ties to the bank lobby and is generally viewed as a moderate Democrat. His opposition suggests division within the banking community over a Summers pick, a scenario that would hamper Obama's ability to win over reluctant lawmakers.

Democratic leadership in the Senate have warned Obama that a Summers nomination will result in a "very tough" confirmation fight, according to a Senate Democratic aide familiar with the effort.



Read more: http://www.huffingtonpost.com/2013/09/13/jon-tester-larry-summers-fed-chair_n_3922833.html?utm_hp_ref=politics



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6 replies, 1077 views

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Reply Jon Tester Would Vote Against Larry Summers For Fed Chair (Original post)
silvershadow Sep 2013 OP
gopiscrap Sep 2013 #1
Left Coast2020 Sep 2013 #2
nashville_brook Sep 2013 #3
silvershadow Sep 2013 #4
grahamhgreen Sep 2013 #5
GodlessBiker Sep 2013 #6

Response to silvershadow (Original post)

Fri Sep 13, 2013, 09:45 PM

1. Good

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Response to silvershadow (Original post)

Fri Sep 13, 2013, 11:17 PM

2. Yeah Baby!!

Thats what I want to see!

Opposition to this idiot.

Show the Prez he needs to listen to OUR recommendations!

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Response to silvershadow (Original post)

Fri Sep 13, 2013, 11:44 PM

3. this is good news

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Response to nashville_brook (Reply #3)

Fri Sep 13, 2013, 11:49 PM

4. Yes it is! nt

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Response to silvershadow (Original post)

Sat Sep 14, 2013, 12:00 AM

5. Cool

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Response to silvershadow (Original post)

Sat Sep 14, 2013, 08:49 AM

6. Cool. I trust Elizabeth on this.

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