The Senate Banking Committee voted 14-8 in favor of sending Janet L. Yellen's nomination to lead the Federal Reserve Board to the full Senate. Three Republicans—Bob Corker of Tennessee, Mark Kirk of Illinois and Tom Coburn of Oklahoma—voted for Yellen. One Democrat, Joe Manchin III of West Virginia, voted against her. The Fed's expansive monetary policy, known as quantitative easing, has become a flash point in the nomination for Yellen, as she is viewed as supportive of such policies. The full vote in the Senate will likely come in December.
TOP 10 RIGHT NOW