Reid Says Budget Nod Necessary to Avoid Party ’Suicide’

Senate Majority Leader Harry Reid predicts the Senate next week will confirm Janet Yellen as chairman of the Federal Reserve and will clear a budget agreement unless Republicans intend to commit “political suicide.”

“Here is one of the agreements that is a landmark agreement, not because of the massive size of it, but because what it does to the Congress or for the Congress and for the American people,” the Nevada Democrat said of the House-passed budget plan in an interview for Bloomberg Television’s “Political Capital with Al Hunt” airing this weekend. “It would be suicide if the Republicans didn’t pass it.”