Senate blocks Judy Shelton’s nomination to the Fed

Senate blocks Judy Shelton’s nomination to the Fed

The Senate failed to advance the nomination of Judy Shelton to the Federal Reserve Board — further complicating what was an already rocky confirmation process.

Shelton, a longtime Fed critic who favors a return to the gold standard, was blocked in a 50-47 vote that was shaken up by some GOP senators being absent and Vice President-elect Kamala Harris making a return to the Senate floor.

Senate Majority Leader Mitch McConnell (R-Ky.) needed just 50 Republicans to vote in favor of Shelton to move her nomination forward.

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The upper house of Congress currently has a 53-47 GOP majority, meaning that McConnell could afford to lose three votes to push Shelton through. If a 50-50 tie emerged, Vice President Pence would be able to vote in favor and break the tie.

McConnell was dealt multiple blows ahead of the vote. Sens. Mitt Romney (R-Utah), Susan Collins (R-Maine) and Lamar Alexander (R-Tenn.) all vowed to opposed Shelton.

Then, Sens. Chuck Grassley

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