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Senate Dems Signal That Summers To Fed Is A No-Go
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| Contributor | WesternDem |
| Last Edited | WesternDem Jul 30, 2013 01:12pm |
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| Category | News |
| Author | BRIAN BEUTLER |
| News Date | Tuesday, July 30, 2013 07:00:00 PM UTC0:0 |
| Description | This should go a long way toward dissuading White House advisers that President Obama should nominate Larry Summers to be the next chairman of the Federal Reserve Board.
“Given the level of opposition to Larry Summers within our caucus, confirming him would be a huge challenge and probably a pretty ugly process,” a Senate Democratic leadership aide tells TPM.
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Instead, Senate Democratic leaders have concluded that a confirmation fight over Summers would be a long, wasteful, divisive slog, and might ultimately fail. About a third of Senate Democrats, including Elizabeth Warren (D-MA), have signed a letter, authored by Sherrod Brown (D-OH) urging Obama to nominate Yellen. The statement from the leadership aide suggests the letter actually reflects opposition to Summers, as opposed to merely a preference for Yellen. |
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