Butpressurefromthe White house-and fearof amarket swoon if Mr Bernankewasvoted down-made it likelyhewould be confirmedafter the Economist went to press.
Under the No Labels suggestions, the President would have the right twice a year to propose legislation to Congress that would have tobevoted up or down without amendments, provided that it had a minimum number of sponsors from each party in both Houses of Congress.
Obviously the committee is the acting body here and will hopefully come up with a proposal that emerges from the committee and then moves on that fast track tobevoted on up or down by Congress.