Controversial Trump Fed Nominee May Be Confirmed After All

(Politico) Judy Shelton’s nomination to the Federal Reserve isn’t dead yet. In fact, it’s showing new signs of life.

After absorbing a number of body blows at her confirmation hearing over her support for the gold standard and past writings, Shelton picked up the vote of Sen. Patrick Toomey (R-Pa.) this week and is on the verge of winning the support of Sen. Richard Shelby (R-Ala.), another potential skeptic.

Shelby said his starting point is that he would “like to help the administration.”

“If the committee wants the majority of the committee to support her, I would do it too. She wouldn’t be my No. 1 choice,” Shelby said on Thursday afternoon.

Asked if that meant he would vote for her, he responded cryptically.

“I could. But I haven’t said it yet,” Shelby said. “I never said I’d vote against her. I raised concerns about her and I think those were legitimate concerns, the question of whether she’s a mainstream economist or was she an outlier?”

Sen. John Kennedy (R-La.) is also undecided and Republicans have only a one-seat advantage on the committee. But with Sen. Elizabeth Warren (D-Mass.), a member of the committee running for president and generally on the road, Shelton could in theory pass through committee with even a Republican “no” vote…

A committee vote could come in the next month, according to a Republican aide, although no final decision has been made. Sens. Bernie Sanders (I-Vt.) and Amy Klobuchar (D-Minn.) could also be on the campaign trail during the vote, giving the 53-seat GOP majority even more of a cushion.

[Read more…]


Miami Herald Apologizes for Paid Insert Column Comparing Rioters to Nazis

(Associated Press) The Miami Herald is investigating how it published a paid insert with what it called “racist and anti-Semitic commentary” and...

‘Nothing Left in the Bucket’: Firefighting Resources Run Thin

(Associated Press) Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating...

Trump Says He Can Talk GOP into Going for ‘Larger’ Virus Aid

(Headline USA) President Donald Trump parachuted into the coronavirus aid debate Wednesday, upbraiding his Republican allies for proposing too small of a relief package and encouraging both...

Fed Sees Rates Near Zero Through 2023, Perhaps Longer

(Associated Press) With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term...

Never Mention that George Soros Is Funding Anti-Cop Candidates, Not Even on Fox News

(The Unz Review) That anti-enforcement organizations funded by the Soros family have been pouring often decisive amounts of money into previously obscure...