January 22, 2010

Facing frustrated voters, more senators oppose Bernanke

Federal Reserve Board Chairman Ben Bernanke's prospects for a second term became shakier Friday as two Senate Democrats, furious at his stewardship during the nation's economic crisis, said they'd oppose him. The White House said it continued to back Bernanke, but the mood in Washington has changed since the Senate Banking Committee approved the nomination 16-7. The Dow Jones Industrial Average dropped nearly 217 points.

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