Senate Republicans Blocks Consumer-Bureau Nominee – Maya Jackson Randall (Dow Jones Newswires)

December 8, 2011

“Senate Republicans blocked consideration of the president’s nominee to lead a new U.S. consumer-watchdog agency as they renewed calls for the White House to overhaul the agency’s structure. With a 53-to-45 vote, Democrats failed to get the 60 votes needed to block a Republican filibuster of the nomination of Richard Cordray, Ohio’s former attorney general, to lead the Consumer Financial Protection Bureau. …‘Some senators are taking the extreme step of demanding that the law be reopened and refusing to allow him an up or down vote,’ said Americans for Financial Reform Director Lisa Donner. ‘If they continue, we will urge the president to make a recess appointment.’” Click here for more.