U.S. Senate Banking Panel Backs Cordray on Party-Line Vote

[Purveyor]

Source: Bloomberg

The U.S. Senate Banking Committee approved the nomination of Richard Cordray to head the Consumer Financial Protection Bureau in a party-line vote that reflected the remaining obstacle to his confirmation effort.

Today’s 12-10 vote saw all of the panel’s Democrats back Cordray 53, while Republicans unanimously opposed him.

Despite the committee approval, President Barack Obama’s second nomination of Cordray, the former Ohio attorney general can’t be confirmed unless Senate Republicans and Democrats can overcome a deadlock that has prevented a full-Senate vote.

Cordray’s nomination has been mired since 2011 in a dispute over Republican demands that the agency be restructured with a commission to run it instead of a director and a budget subjected to congressional appropriations. Its budget is currently drawn directly from the Federal Reserve.

Read more: http://www.bloomberg.com/news/2013-03-19/u-s-senate-banking-panel-to-vote-on-cordray-as-deadlock-looms.html

[flpoljunkie]

1. R's can count on our feckless media to ignore the crying need for strong consumer protection

[denverbill]

2. Gee, I wonder what will happen next?

I know after the Republicans agreed to be more reasonable about withholding up or down votes on nominees that things would improve in this session of Congress, so I look forward to a quick vote.

[lark]

3. Hope you aren't holding your breath.

There were be a filibuster by the R's, you can count on it. Hate Harry Reid for giving away the store on this front. Spineless Dems make me sick, along with the DLC types- aka Repug light.

[denverbill]

5. No, sorry I was being facetious.

I know damned well they will filibuster him. If he is appointed again, it will be another recess appointment.

[Kolesar]

4. Sen. Portman, a fellow Ohioan, will probably filibuster Cordray's appointment on principle...eom

[judesedit]

6. Don't let Congress get hold of the funding. They'll give it to the lobbyists and screw this country

They've created this mess.