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Shelton's nomination to Fed fails key Senate procedural vote
By Jeff Cox
CNBC, New York
Tuesday, November 17, 2020
Judy Shelton's controversial nomination to the Federal Reserve suffered a possibly fatal blow Tuesday in a key procedural vote in the Senate.
The upper chamber voted 50-47 against a move that would have advanced the nomination by limiting debate, typically a death knell because the opposition simply could block the vote from ever coming to the full floor.
... Dispatch continues below ...
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The only avenue for Shelton to get through would be if Senate Majority Leader Mitch McConnell can get at least 50 votes together. Following the vote, McConnell moved to preserve his right to bring Shelton's name up again for consideration. ...
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