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Richard Shelby

Smooth Confirmation for Yellen? Not so Fast

Republican U.S. Senator Rand Paul threatened on Friday to put a 'hold' on the nomination of Janet Yellen to be chair of the Federal Reserve, unless he gets a vote on a bill he has sponsored to put the central bank under more scrutiny."As part of Senate consideration of the Janet Yellen nomination to be chair of the Federal Reserve, I will request a vote on my bipartisan Federal Reserve Transparency Act," Paul said in a statement. "The American people deserve transparency from the Federal Reserve and the federal government as a whole."An aide to Paul, however, said no final decision had been made on whether to place a hold on the nomination.If Paul did move forward, it would force Yellen's supporters to round up 60 votes in the 100-seat Senate to confirm her.The White House was always expected to have to secure 60 votes for the nomination to clear procedural roadblocks, and Democrats have repeatedly expressed confidence in their ability to do so. The swearing-in of New Jersey Democrat C...

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  1. Blame Democrats & Republicans

    Barofsky accuses both political parties of selling out average Americans.

  2. Four Republicans Raise Concerns With China Deal

    A group of four Republican senators on Friday sent a letter to Treasury Secretary Timothy Geithner expressing concern about Chinese energy giant's Cnooc Ltd's $15.1 ...

  3. Next FOMC Chief: Soft-Spoken Yellen?

    If the Federal Reserve delivers another jolt of monetary stimulus to try to stir the U.S. economy back to life, it will be in part because of the powers of persuasio...

  4. Sen. Shelby Questions Regulators After PFGBest Failure

    Sen . Richard Shelby , (R-Ala.), weighs in on regulators’ involvement with the PFGBest failure and Barclays’ Libor scandal.

  5. Did Dimon’s Explanation of J.P. Morgan’s Losses Go Far Enough?

    Sen . Richard Shelby , (R-Ala.), on J.P. Morgan CEO Jamie Dimon’s testimony on the bank’s losses.

  6. J.P. Morgan Not a Case for Regulation?

    Mark Calabria of the Cato Institute argues when it comes to regulation, the agenda should be focused on risks to the financial system.

  7. Top Senate Republican Prepares Subpoena for CFTC Chairman Over MF Global

    The top Republican on the Senate Banking Committee has prepared a subpoena for the chairman of the Commodity  Futures Trading Commission over his regulation of MF Gl...

  8. Can What Happened at MF Global Be Prevented in the Future?

    Haar Capital Management President Stanley Haar on the impact of MF Global on individual investors.

  9. Republicans Divided Over Tying Renewal Of Export Agency To Capital Access Bill

    Republican senators appear divided over whether to oppose a Democratic plan to attach the reauthorization of a federal agency that supports U.S. exports to a bill th...

  10. Fed's Duke: Much Less Lending Would Occur Without Fannie, Freddie

    Private investors in the U.S. mortgage-securities market would likely be hesitant to take on the loans currently handled by mortgage finance companies Fannie Mae (FN...

  11. Some Politicians Fail to Return Alleged Ponzi Schemer's Campaign Donations

    National fundraising committees for the Democratic and Republican parties, President Barack Obama , and other major politicians have declined to return campaign dona...

  12. Tighter Privacy Rules Sought For Bank Documents

    WASHINGTON -- A legal issue causing widespread angst among banks supervised by the new Consumer Financial Protection Bureau is triggering bipartisan concern on Capit...

  1. Obama Makes Nominations for SEC Commissioners

    President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wal...

  2. Senate Panel to Vote Tuesday on Lew for Treasury Secretary

    The Senate Finance Committee will vote Tuesday on Jack Lew's nomination for Treasury secretary, according to Sen. Max Baucus, the Montana Democrat who chairs the pan...

  3. White House Still Stonewalling on Benghazi?

    Former U.S. Ambassador to the U.N. John Bolton on the Administration’s handling of Benghazi and Iran’s nuclear program.

  4. General Dynamics tells 139 workers of pending layoffs

    General Dynamics Corp said on Monday it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March...

  5. Sen. Shelby: I Believe Speaker Boehner is on the Right Track

    Sen . Richard Shelby , (R-Ala.), on efforts to avoid the fiscal cliff and the FHA’s rising debt.

  6. Sen. Shelby: More Taxes Without Cuts are Not Good for America

    Sen . Richard Shelby , (R-Ala.), on efforts to reach a deal to avoid the fiscal cliff.

  7. Gulf Coast senators to Obama: Ensure BP spill deal is fair

    Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine...

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