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Senate Votes in Favor of Bernanke

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THE BEARD IS BACK
"The Senate voted 77-23 to end debate on the nomination of Ben Bernanke for a second four-year term as chairman of the Federal Reserve, clearing the way for a final vote later today in which Mr. Bernanke is expected to prevail," the Journal reports. "During more than two hours of debate on the Senate floor, Bernanke backers warned that voting him down risked sparking turmoil in U.S. and foreign markets and thwarting a budding economic recovery. They said the Fed chairman deserved an opportunity to finish what he started."

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