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U.S. Senator Paul Plans 'hold' On Yellen's Fed Nomination: CNBC

wochit politics
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October 25, 2013 AT 1:50 PM
CNBC is reporting Republican Senator Rand Paul plans to put a "hold" on the nomination of Janet Yellen to be chair of the Federal Reserve, a move that would force 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 would need only five Republicans to support Yellen.