Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

THE INTERVIEW

Michel Sidibé, UNAIDS Executive Director

Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • Five children among six killed in minibus crash in central France

    Read more

  • Israel identifies ‘missing’ soldier in Gaza

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Ukraine rebels release bodies, black boxes from flight MH17

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • An ‘explosion of violence’: French press reacts to Gaza protests

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

  • Christians in Iraq's Mosul face execution or exodus

    Read more

  • Scores killed as Libyan militias fight over airport

    Read more

  • Ukraine football players refuse to return home after friendly in France

    Read more

  • China steps up communist education to guard against ‘moral decline’

    Read more

Americas

Senate panel backs Bernanke for second term as Fed chief

Text by News Wires

Latest update : 2009-12-17

US Federal Reserve chief Ben Bernanke, Time magazine's "person of the year", has received the support of the Senate Banking Committee to stand for a second term. Bernanke's nomination will go to full Senate vote after the holiday recess.

AFP - The US Senate Banking Committee on Thursday voted in favor of confirming Ben Bernanke to a second term as Federal Reserve chief, despite sharp attacks on his role in the 2008 global financial meltdown.
  
The panel's 16-7 vote sent his nomination to the full Senate, where a platoon of lawmakers from both major US parties have vowed to do their utmost to deny him another four-year tenure at the head of the US central bank.
  
Bernanke, 55, was expected ultimately to be confirmed, despite criticism from Democrats that he cared more about Wall Street than Main Street and from Republicans that he favored improper government meddling in the economy.
  
His supporters credit him with sweeping efforts that saved the global financial system from complete collapse.
  
Before the vote, some of his critics poked fun at Time magazine's decision to name him "person of the year" for 2009.
  
Bernanke "may wonder if he really wants to be honored by an organization that has previously named people like Joseph Stalin, Yasser Arafat, Adolf Hitler, the Ayatollah Khomeini, and Vladimir Putin as their Person of the Year," said Republican Senator Jim Bunning.
  
"But I congratulate him and hope he at least turns out better than those guys," he said.
  
Independent Senator Bernie Sanders, who usually sides with Democrats, said Wednesday he would work to block Bernanke and urged President Barack Obama to pick someone else.

Date created : 2009-12-17

  • MEDIA

    Fed chairman Bernanke is Time's 'person of the year'

    Read more

COMMENT(S)