Rand Paul threatens to hold Janet Yellen nomination

The Kentucky senator wants a vote on his bill auditing the Fed

Published October 25, 2013 4:10PM (EDT)

Rand Paul                                        (AP/Manuel Balce Ceneta)
Rand Paul (AP/Manuel Balce Ceneta)

Kentucky Senator Rand Paul has informed Senate leadership that he'll put a hold on the nomination of Janet Yellen for Federal Reserve chair unless his bill auditing the Fed is given a vote, according to a report from CNBC.

As Brett LoGiurato of Business Insider explains, a "hold" is an informal Senate procedure through which a senator makes clear that he or she opposes a nomination or bill reaching the floor.

While Paul has long expressed a desire to know more about the inner workings of the Federal Reserve, his proposed audit is supported across partisan lines. The AFL-CIO has come out in support of a Fed audit, while the Independent Senator Bernie Sanders has previously put forward an audit request of his own, too.

By Elias Isquith

Elias Isquith is a former Salon staff writer.

MORE FROM Elias Isquith

Related Topics ------------------------------------------

Audit Cnbc Janet Yellen Kentucky Politico Rand Paul Ron Paul Senate The Federal Reserve