U.S. Senator John McCain (R-Ariz.) issued the following statement regarding his opposition to Federal Reserve Chairman Ben Bernanke's confirmation:
"Our country is still facing an economic crisis and while I appreciate the service that Chairman Bernanke has performed as Federal Reserve Chairman, I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown.
"Therefore, I plan to oppose Chairman Ben Bernanke's confirmation for a new term as Federal Reserve Chairman."