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At Cuomoâs urging, the Legislature approved a change in the state Constitution that would authorize as many as seven Las Vegas-style casinos across New York State. The amendment will take effect if ratified by the public in a referendum this November.
If confirmed by the Senate, Yellen would be the first Democrat chosen to lead the Fed since Paul Volcker was picked by Jimmy Carter in 1979. Bernanke, who served for eight years, and his predecessor, Alan Greenspan, who did so for 18 1/2 years, were Republicans. She would also be the first vice chair of the Fed to ascend to the chairmanship.
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