OT: Senate OKs Greenspan for 4th Termgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
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Thursday February 3 11:21 AM ET
Senate OKs Greenspan for 4th Term
By MARTIN CRUTSINGER AP Economics Writer
WASHINGTON (AP) - A day after boosting borrowing costs for millions of Americans, Federal Reserve Chairman Alan Greenspan won Senate confirmation today for a fourth term as head of the nation's central bank.
The Senate voted 89-4 to approve the nomination of Greenspan, 73, for a four-year term that will run into 2004.
Greenspan was praised as the ``greatest central banker in the history of the world,'' by the Senate Banking Committee chairman, Sen. Phil Gramm, R-Texas, and President Clinton's nomination of the Republican economist enjoyed bipartisan support. . . .
-- I'm Here, I'm There (I'm Everywhere@so.beware), February 03, 2000