Nomination

Bernanke Nomination Moving Ahead? (UPDATED)

Is anybody going to ask Ben where the $9 Trillion dollars went? Bernanke confirmation seen passing first hurdle Federal Reserve Chairman Ben Bernanke is likely to pass the first hurdle in winning Senate confirmation to serve another term on Thursday but will face unusually strong opposition as his nomination moves ahead. The Senate Banking Committee is expected to recommend his confirmation to the full Senate, which is not expected to vote on his nomination until 2010. Bernanke's four-year term expires January 31. Bernanke is expected to gain Senate approval, but analysts believe opposition may exceed the 16 no votes former…
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