Senate panel backs Janet Yellen to lead the Fed
The Senate Banking Committee advanced Janet Yellen’s nomination to head the Federal Reserve by a 14 to 8 vote. Only Democrat Joe Manchin opposed. Republicans Corker Coburn and Kirk supported her. The chamber also moved to a rule requiring a simple majority for most presidential nominees, easing confirmation prospects.
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Democrats vote to curb filibusters on appointees
Democrats cleared the way for quicker confirmation of controversial appointments by Obama and other executives by ending a decades old filibuster rule. Senate leaders hailed the move as breaking gridlock while Republicans warned of a looming power grab and possible future abuses. Obama welcomed the shift at the White House.
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