HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Jon Tester Would Vote Aga...

Fri Sep 13, 2013, 08:45 PM


Jon Tester Would Vote Against Larry Summers For Fed Chair [View all]

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

(more at link)

6 replies, 1588 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply Jon Tester Would Vote Against Larry Summers For Fed Chair [View all]
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