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White House / WHITE HOUSE

Obama To Speak On Cordray Nomination Block

photo of Jamie Tarabay
December 8, 2011

President Obama will speak at 11:30 on Thursday about Senate Republicans' obstruction of his nominee to lead the new Consumer Financial Protection Bureau.

He'll make a statement in the Brady Briefing Room, the White House said.

The Senate refused Thursday to consider Richard Cordray as head of the agency, as was expected. Republican leaders, long opposed to the bureau created by the Dodd-Frank financial reform, have insisted the law be rewritten to make structural changes to the agency before they would consider the nominee.

 

The White House might not have an opportunity for a recess appointment if the Senate remains in pro forma session.

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