The Norman Transcript

State/Region

November 21, 2013

Coburn votes to advance Yellen’s bid

TULSA — Oklahoma Sen. Tom Coburn cast one of the three Republican votes Thursday that helped advance Janet Yellen’s nomination to lead the Federal Reserve.

The Senate Banking Committee approved Yellen’s nomination on a 14-8 vote, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break.

Coburn, a conservative lawmaker from Muskogee, said in a statement that he cast a vote in favor of Yellen’s nomination because she is “unquestionably qualified” to serve as the next chair of the agency.

Republican Sens. Bob Corker of Tennessee and Mark Kirk of Illinois provided the other two votes in support of Yellen’s nomination.

“In the future, the Federal Reserve’s decisions will be dictated by pragmatism rather than ideology for the simple reason that we can’t operate indefinitely on borrowed or printed money,” Coburn said. “Yellen will be well-suited to navigate the treacherous waters ahead.”

West Virginia Sen. Joe Manchin was the only Democrat to oppose Yellen’s nomination.

Yellen’s path to confirmation also became easier Thursday when the full Senate voted to change its rules for approving all presidential nominees other than Supreme Court selections. Now, a simple majority will be required, instead of 60 votes.

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