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Republican Shelby Cautions Against Blocking Yellen's Fed Nomination

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October 31, 2013 AT 5:20 PM
A senior Republican on the Senate Banking Committee said on Thursday he would oppose efforts to block the nomination of Janet Yellen as Federal Reserve chairman with a filibuster unless some sort of disturbing new disclosure emerged."I don't think I would filibuster a Fed nominee unless something came up that was just horrible," Alabama Senator Richard Shelby told Reuters Insider. "But that doesn't mean I won't speak against them, vote against them, work against them