Update 1/6/2014 3:15 PM PT: Final vote on Janet Yellen’s confirmation: 56 Yes to 26 No
Update 1/6/2014 3:00 PM PT: The vote to confirm Janet Yellen as the new chair of the Federal Reserve began at approximately 2:30. The vote has reached a simple majority. Final vote to come.
Update 1/6/2014 2:15 PM PT: Rand Paul’s Facebook page announced that his flight to DC was delayed. He will not be in chamber for the vote.nomination of Janet Yellen to be the new chair of the Federal Reserve. However, the vote will not come without resistance. U.S. Senator Rand Paul (R-Ky.) may still filibuster the nomination even after the Senate changed the rules to allow a simple majority to not only push through executive and judicial nominations, but to end debate on these matters. Essentially, the ‘nuclear option’ creates a filibuster-proof Senate for the majority party without needing 60 members.
In the latter months of 2013, Rand Paul wrote a letter to Senate Majority Leader Harry Reid (D-Nev.) promising to filibuster Yellen’s confirmation until he agrees to take up his bill to audit the Federal Reserve. Paul is carrying the torch on the issue now that his father, former congressman Ron Paul, is not in office anymore. He introduced an “Audit the Fed” bill in 2013, but even though it has 27-cosponsors — including a mixture of Republicans and Democrats — it has not been considered by the Senate.
As many will remember, Paul received support from people of all corners of the political landscape during a 13-hour filibuster to stall the nomination of John Brennan to the CIA in order to bring attention to the issue of predator drone use both abroad and at home. Nationwide surveys suggest that he would receive overwhelming support for this cause as well.
What makes the debate over auditing the fed so curious is that the person blocking its progression, Harry Reid, once proclaimed himself to be the biggest advocate of auditing the fed. In a well-traveled video from 1995, Reid complained that the issue was not being taken seriously in Congress. In fact, as late as 2010, Reid supported auditing the fed, but once he became majority leader, his position suddenly changed. While it is considered unlikely Democratic co-sponsors will stand with Rand, a filibuster to audit the Fed may have a better chance than any other filibuster under the new rules.
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Why Won't Our Senate Audit The Fed?
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It is there, Chuck. Harry Reid refuses to allow it on the floor for debate or vote. It passed the House over a year ago.
Nothing is wrong with auditing the Fed. He should propose legislation for that purpose if that's what you want done. Postponing a nomination that is going to be approved anyway serves no purpose other than obstruction.
The question on the table isn't "shall we audit the Fed?" The question is this nominee Y/N? If he wants to propose legislation to audit the Fed, he can propose that legislation through the established procedure.
Thankfully we have a great libertarian leader like Rand that has the people's interest in the forefront.
Yes! The majority leader has supported an audit in the past and the lower house passed the bill two years ago. We deserve an 'up or down' vote on this bill before carrying on with "business as usual."
This jerk just wants as much face time as he can get. Thinks there are enough crazies to vote for him form President next time. Loser!
Here's what I have to say to " GET TO WORK YOU P.O.S. WE WANT TO PEOPLE IN OFFICE TO STOP WASTING OUR MONEY!"
Rand Paul comes from a state with some of the highest numbers of people on assistance and one of the lowest returns of tax dollars, plus he is not the smartest.
YES! YES! For at least two reasons, to audit the fed AND to show that the "nuclear option" is not the end of the filibuster.
Hell yes, but didn't the senate do away with the filibuster for that very reason to get mrs Yellen in?
Just listened to a replay of his debate in the Senate opposing Yellen's nomination after he realized the futility of filibustering (not enough votes to stop cloture). He is a man of convictions that does not realize that even if we were to eliminate the Fed entirely and returned to a gold or bimetalic or some other comodoty standard, the United States would be the BIG LOSERS because the folks who have the corner of the market on those natural resources or reserves are NOT our buddies, and don't have stable political regimes who would delight on having us over the proverbial barrel. He leaves that part out.
I'm not quite sure how a bill is normally brought up for a vote; but I am pretty sure it isn't via filibuster.
We survived without written language, electricity, anti-biotics, too. Just as we can be pro-active with modern medicine and alleviate sicknesses to our body before they do too much damage, the fiscal monetary mix can (when used as prescribed) help to minimize the ill effects of a stagnant or declining economy.
Rand Paul and those other 434 Clowns in DC need to get a real job...then see if he has energy to "filibuster"..what a joke.
Rock Serrano: Senator Rand Paul is a constitutionalist. And yet you want to "get rid" of him? What kind of an America do you want to live in, a socialist or communist one? If either, you have options of places to move to, there aren't many constitutional republics left for the rest of us!
He shouldn't waste his time...Yellen is from the same class as Bernanke and all the rest. What we should do is AUDIT the Fed!