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Obama May Name Warren as Interim Consumer Finance Agency Head
Loading ...President Barack Obama may appoint Elizabeth Warren, the Harvard law professor who scolded U.S. banks while overseeing their bailout, as the interim head of the new Consumer Financial Protection Bureau as early as this week, according to a person familiar with the matter.
An appointment as interim head of the agency could allow Warren, 61, to bypass a confirmation battle in the Senate, where Republicans have raised objections to her possible nomination.
The selection may be made tomorrow or the following day, said the person, who requested anonymity. The final decision on temporarily installing Warren hasn’t yet been made, said another person familiar with the matter.
Senate Banking Committee Chairman Christopher Dodd, a Connecticut Democrat, said in July that Warren may have trouble getting enough votes to win approval.
“I am concerned about all Senate nominations these days,” Obama said at a White House news conference on Sept. 10, referring to objections raised by Republicans. “It’s very hard when you’ve got a determined minority in the Senate that insists on a 60-vote filibuster on every single person that we’re trying to confirm.”
Continue Reading at Bloomberg.
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