November 21, 2013
The Senate Banking Committee voted 14-8 Thursday to send Janet Yellen’s nomination to chair the Federal Reserve to the full Senate for confirmation.
Yellen, who is now the Fed’s vice chairman, is expected to win confirmation to succeed Ben Bernanke after his second four-year term expires in January. She would become the first woman in the world to head a major central bank.
Republicans Bob Corker, Tennessee; Mark Kirk, Illinois, and Tom Coburn, Oklahoma, broke with other GOP members to support Yellen. Democrat Joe Manchin, of West Virginia, was the only Democrat to vote against Yellen’s nomination. Corker had opposed her nomination for vice chair in 2010.