Senate Banking Committee OK's Bernanke Nomination As Fed Chair...

Associated Press:

The Senate Banking Committee on Wednesday approved the nomination of Ben Bernanke to be the next chairman of the Federal Reserve, a position seen by many as the second-most influential job in the country.

The panel, by voice vote, favorably recommended his confirmation to the full Senate. Considered one of the country's leading economic thinkers, Bernanke is expected to get a positive vote there as well; the timing of when that will happen was still being nailed down.

Read the whole story: Associated Press