Headline Roundup • April 12th, 2019
Herman Cain's Chances Of A Federal Reserve Appointment Diminish
Summary from the AllSides News Team
Featured Coverage of this Story
Townhall
President Trump has nominated Herman Cain and Stephen Moore to the Federal Reserve board, choices that Nancy Pelosi called "ill-suited," "embarrassing," and "the worst."
Cain, the former Godfather’s Pizza CEO, became synonymous with his famous tagline, "9-9-9," when he was running for president in 2012. That is, a 9 percent income tax, a 9 percent corporate tax, and a 9 percent national sales tax. He told voters he'd implement the plan in his first 90 days as president.
Moore is an economics expert who served as an adviser to Trump's...
Reuters
President Donald Trump’s expected nomination of former pizza chain executive Herman Cain to the Federal Reserve appeared in jeopardy on Thursday after a fourth Republican senator voiced opposition, possibly denying Cain the support needed to be confirmed in the post.
“If I had to vote today, I would vote no,” Senator Kevin Cramer said in a statement.
If all of the Senate’s Democrats and the two independents aligned with them were to vote against Cain, he would fall short of the majority support he needs.
ABC News, citing sources familiar...
New York Times (News)
Herman Cain’s chances to win confirmation to the Federal Reserve plummeted on Thursday as at least four Republican senators indicated they would not back President Trump’s choice to fill a Fed seat.
Those defections would be enough to defeat Mr. Cain in a divided Senate, should Mr. Trump follow through with his plans to formally nominate him.
Mr. Cain, a former pizza magnate whose 2012 presidential run was upended by claims of sexual harassment, is currently undergoing a background check and President Trump has said he will wait for that...
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