Senate Blocks Judy Shelton Nomination to Federal Reserve in Defeat for McConnell

Judy Shelton’s nomination to the Federal Reserve Board was blocked in the Senate Tuesday, a stunning defeat for Senate Majority Leader Mitch McConnell and a blow to President Donald Trump’s drive to reshape the U.S. central bank before he leaves office.

After Covid-19 exposure forced two Republican senators into quarantine, the GOP was left short of enough votes needed to overcome united Democratic opposition.

Republican Senators Mitt Romney and Susan Collins joined with 47 Democrats and two independents in a 50-47 vote against advancing Shelton’s nomination. Once the outcome was clear, McConnell switched his vote to no, a tactical move that would allow him to bring the nomination up for reconsideration later.

McConnell’s plans to confirm Shelton were blown up Tuesday morning when Iowa Republican Senator Chuck Grassley announced he would be in quarantine after exposure to someone who tested positive for Covid-19. GOP Senator Rick Scott of Florida also is in quarantine. Both were expected to back Shelton.

Shelton, 66, a former informal adviser to Trump, was long known for her advocacy of a return to the gold standard, ultra-hawkish views on inflation and opposition to federal deposit insurance. She provoked further controversy and opposition by abandoning those views and calling for interest-rate cuts to align herself with Trump as she emerged as a candidate for a Fed post.

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[rich]

How can they counterfeit with her in there. Country is fcked.

[chopitup]

Everything politicians do is a clown fest we let these kind of wwwf wrestling events matter sit back watch the show

[TheMountainbobcat]

im seeing a evangical pattern with him, and theses people are in a dream world all of their own.

[cecilianall]

GOOD! Judy Shelton is loony tunes!
Going off the gold standard gave the government new tools to steer the economy. If you're not tied to the gold, you can adjust interest rates.  Almost all economists agree, the system we have today is better than the gold standard.

[JesusSavesFromSin]

Jesus Christ saves from sin.
Romans 3: 23
For all have sinned, and come short of the glory of God;
Hebrews 9: 27
And as it is appointed unto men once to die, but after this the judgment:
Isaiah 64: 6
But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away.
Revelation 21: 8
But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
Romans 5: 8
But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
John 3: 16
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
John 14: 6
Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
Romans 10: 9-10.
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.
Jesus said John 5: 24
Verily, verily, I say unto you, He that heareth my word, and believeth on him that sent me, hath everlasting life, and shall not come into condemnation; but is passed from death unto life.
1John 5: 10-13
He that believeth on the Son of God hath the witness in himself: he that believeth not God hath made him a liar; because he believeth not the record that God gave of his Son.
And this is the record, that God hath given to us eternal life, and this life is in his Son.
He that hath the Son hath life; and he that hath not the Son of God hath not life.
These things have I written unto you that believe on the name of the Son of God; that ye may know that ye have eternal life, and that ye may believe on the name of the Son of God.
Ephesians 2: 8-9
For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
Not of works, lest any man should boast.
Romans 8: 1
There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit.
1 Corinthians 15: 3-4
For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
And that he was buried, and that he rose again the third day according to the scriptures:
2 Corinthians 5: 21
For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.

[padensposies]

That is not what this was... Deceiving

[justindong]

That is not what this was... Deceiving