Senate Banking Committee votes 13-11 to advance Kevin Warsh nomination along party lines

The Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh's Fed chair nomination. The vote occurred hours after the Department of Justice announced it would drop its criminal investigation into Jerome Powell, removing a major stalling point. Republican Senator Thom Tillis, who pledged to block the nomination pending the investigation's termination, voted in favor after DOJ withdrawal was announced. (ABC News, Apr. 29, 2026)