SPONSORED:

Controversial Trump nominee Judy Shelton to pass Senate next week

Controversial Trump nominee Judy Shelton to pass Senate next week
© Getty Images

Judy Shelton, President TrumpDonald TrumpTrump State Department appointee arrested in connection with Capitol riot Intelligence community investigating links between lawmakers, Capitol rioters Michelle Obama slams 'partisan actions' to 'curtail access to ballot box' MORE’s controversial nominee to the Federal Reserve, will receive a vote on the Senate floor next week and is expected to pass.

Sen. Lisa MurkowskiLisa Ann MurkowskiHillicon Valley: YouTube to restore Trump's account | House-passed election bill takes aim at foreign interference | Senators introduce legislation to create international tech partnerships Senate votes to take up COVID-19 relief bill The Hill's 12:30 Report - Presented by ExxonMobil - Increased security on Capitol Hill amid QAnon's March 4 date MORE (R-Alaska), a key swing vote, announced Thursday that she had decided to support Shelton after speaking with her.

Her support appears enough to get Shelton through the Senate, where Republicans control 53 seats. Every Democrat is expected to vote against her.

ADVERTISEMENT

“I’ve had an opportunity to talk to Judy Shelton and I’m going to be supporting her,” Murkowski told reporters Thursday afternoon.

Moments later, Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellRon Johnson grinds Senate to halt, irritating many Klain on Harris breaking tie: 'Every time she votes, we win' How to pass legislation in the Senate without eliminating the filibuster MORE (R-Ky.) filed for cloture on Shelton’s nomination, setting up a vote in the middle of next week.

A Senate Republican who was briefed by the leadership said Shelton has enough votes to pass.

“She’s coming to the floor and I was told today that we have the votes,” said the lawmaker.

Shelton’s nomination appeared dead in the water when Republican leaders decided not to bring her up for a vote before the election. She ran into bipartisan opposition earlier this year over her past support for returning to the gold standard and using inflation as a tool to make U.S. exports more competitive.

ADVERTISEMENT

Sen. Pat ToomeyPatrick (Pat) Joseph ToomeySasse rebuked by Nebraska Republican Party over impeachment vote Philly GOP commissioner on censures: 'I would suggest they censure Republican elected officials who are lying' Toomey censured by several Pennsylvania county GOP committees over impeachment vote MORE (R-Pa.), the incoming chairman of the Banking Committee, only agreed to vote for Shelton after she pledged in writing that she “would not advocate for the devaluation of U.S. currency” and agreed the Federal Reserve does not have authority to use monetary policy to devalue the dollar.

She also told Toomey in writing that it would not be appropriate for the Federal Reserve to react directly to the foreign exchange behavior of other countries.

Two other Republicans on the Banking Committee, Sens. Richard ShelbyRichard Craig ShelbyCBC 'unequivocally' endorses Shalanda Young for White House budget chief Black Caucus members lobby Biden to tap Shalanda Young for OMB head On The Money: Senate panels postpone Tanden meetings in negative sign | Biden signs supply chain order after 'positive' meeting with lawmakers MORE (R-Ala.) and John KennedyJohn Neely KennedyMORE (R-La.) expressed reluctance about voting for Shelton but eventually came around.

National Economic Council Director Larry KudlowLarry KudlowMORE was Shelton’s biggest champion, according to Senate aides familiar with her nomination.

Two Senate Republicans have announced their opposition to Shelton, Sen. Susan CollinsSusan Margaret CollinsMurkowski votes with Senate panel to advance Haaland nomination OVERNIGHT ENERGY: Interior reverses Trump policy that it says restricted science | Collins to back Haaland's Interior nomination | Republicans press Biden environment nominee on Obama-era policy Republicans, please save your party MORE (Maine) and Sen. Mitt RomneyWillard (Mitt) Mitt RomneyRon Johnson grinds Senate to halt, irritating many Romney's TRUST Act is a Trojan Horse to cut seniors' benefits Republicans, please save your party MORE (Utah).

Romney said Thursday he still plans to vote against the nominee.

“I’m not supportive of her becoming a member of the Fed,” he said.

Collins in July said she had “serious concerns about the nomination.”

“In her past statements, Ms. Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank. This is not the right signal to send, particularly in the midst of the pandemic,” Collins said.