Think Progress Senate Majority Leader Harry Reid’s (D-NV) office confirms to ThinkProgress that a deal has been reached to avert the so-called “nuclear option” on what appear to be very favorable terms to Democrats. In a nearly unconditional surrender to Senate Democrats, a core group of Senate Republicans agreed to a deal that will confirm most of… More Republicans Cave: Seven Top Government Jobs Will Be Filled
The White House This week, the President traveled to Cleveland, Ohio, to speak on appointing Richard Cordray to lead the Consumer Financial Protection Bureau, which will protect families from predatory lenders, spoke on a comprehensive review of our defense strategy, and the White House staff shared its New Year’s resolutions. That’s December 30th to January… More West Wing Week 1/06/12 or: “2012: The Annual Resolutions Edition”
The Raw Story After months of pushback from Republicans in Congress, President Obama has finally decided to go over their heads and appoint former Ohio Attorney General Richard Cordray head of the Consumer Financial Protection Bureau without them. So who is he? We’ve written a lot about him at Business Insider. Partly because, no matter what side… More The top reasons Wall Street and Republicans are scared of Richard Cordray
President Obama did what he had to do. Given the incessant withholding of his various cabinet appointees, by Republicans in the Senate, the POTUS has used his “recess appointment” ability to appoint four appointees to his cabinet. Bravo Mr. President! Oh and by the way, the Right only screams when Obama does it. They never said a word when… More Day In 100 Seconds: Recess!
Wallstreet Journal Attorneys General Hope Lenders Will Re-Write Loans With Troubled Documents A coalition of as many as 40 state attorneys general is expected Wednesday to announce an investigation into the mortgage-servicing industry, an effort some of them hope will pressure financial institutions to rewrite large numbers of troubled loans. The move comes amid recent allegations… More 40 States Join to Halt Foreclosures