Corker: Don’t Bypass Senate on Warren. Obama: Ok.

In an earlier blog post, I mentioned Tenn. Sen. Bob Corker’s letter to President Obama urging him not to tap Elizabeth Warren to head the new consumer financial protection agency by using a recess appointment or some other method that bypasses Senate confirmation.

So Obama found a middle solution that’s not what either Warren’s populist supporters or Republican detractors were hoping for.

There’s a provision tucked in the Dodd-Frank bill that allows Obama to select someone to “establish” – as opposed to “lead” – the agency. They’ll staff it up and get it going.

If Obama so chose, he could nominate Warren to direct it down the road. But that’s probably a fight he was eager to avoid, for now, with the midterms coming up.

Here’s video from Friday’s press conference announcing Warren’s new job.

Obama Taps Elizabeth Warren

Comments are closed.

Dansette

google