Sen. Paul threatens to hold Yellen nomination

Rand in thought cc

He wants a vote on his “Fed Transparency bill” which calls for an audit of the Federal Reserve.

That sounds good to us. Now Paul needs 40 other Senators to join with him, a tall order. Sounds like another “call your Senator” effort might be in the offing.

(From CNBC.com)

Paul is insisting on a vote on his Fed transparency bill, and has informed Senate leadership of his intentions, the source said.

A Senate Democratic aide told CNBC on Friday morning that the ability of Paul to single-handedly block the nomination “should not be overstated.” Paul would need 40 other senators to back his effort to block Yellen’s nomination; otherwise, Senate leadership could defeat his blocking effort.

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