Obama's Choice To Head Consumer Protection Agency Blocked | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

    Obama's Choice To Head Consumer Protection Agency Blocked

    A vote to move forward on the nomination of former Ohio Attorney General Richard Cordray to run the new federal consumer protection agency fell seven votes short in the Senate this morning. Republicans banded together to make sure there weren't the 60 votes needed to invoke cloture and move on to a vote on the nomination itself.

    The GOP senators, as NPR's Andrea Seabrook has reported, say the Consumer Financial Protection Bureau has been made too strong. They "want to change the way the protection bureau would work," Andrea reported. "Instead of one director, they want a board to oversee it, and they're ready to filibuster if they don't get their way."

    President Obama just said that the bureau is part of an effort to "ensure that there's fair play out there."

    "Consumers across the country understand that part of the reason we got into the financial mess we did was because regulators were not doing their jobs," the president said. "There is no reason Mr. Cordray should not be confirmed."

    The president vowed that "we are going to keep on pushing on this issue."

    Update at 11:50 a.m. ET. Recess Appointment Possible:

    Asked if he might use a "recess appointment" to put Cordray in the job while Congress is off for its holiday break, the president said he would not take such an option off the table.

    Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

    NPR

    Jon Stewart's Replacement Is Unlikely Choice For 'The Daily Show'

    "The Daily Show" replaces departing host Jon Stewart with South African comedian Trevor Noah. He is a relatively unknown comedian and an unlikely choice for the program.
    NPR

    Our Food-Safety System Is A Patchwork With Big Holes, Critics Say

    More than a dozen federal agencies play a part in keeping food from making Americans sick. Critics say the system has gaps, and we'd all be safer if federal food safety efforts were under one roof.
    WAMU 88.5

    Q&A: Maryland State Sen. John Astle On 'Welcome Home Vietnam Veterans Day'

    Maryland Gov. Larry Hogan signed a bill into law Monday evening declaring every March 30 "Welcome Home Vietnam Veterans Day." WAMU spoke with Astle at his office in Annapolis.
    NPR

    Bringing Internet To The Far Corners Of The Earth

    About 5 billion people are mostly or entirely disconnected from the Internet. So to capitalize on this opportunity, Google and Facebook have begun high-profile campaigns to connect the unconnected.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.