Heritage Action, the angry conservative id that has swallowed the Heritage Foundation (and much of the House Republican Conference) whole, just announced that it will treat Janet Yellen’s nomination for chairman of the Federal Reserve as a “key” vote. The designation is intended to pressure Republican senators, who presumably risk being labeled soft on monetarism if they vote to elevate Yellen.
Leaders of several Jewish and pro- Israel groups briefed on the Iran nuclear agreement by the Obama administration indicated they’re willing to give it time before pressing for new sanctions against the Iranian regime.
President Barack Obama, with a full plate of domestic and foreign policy issues before him, is on a three-day fundraising trip that includes stops at the Seattle home of former Microsoft executive Jon Shirley and Magic Johnson’s Los Angeles house.
The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.
Senator Ted Cruz, a Texas Republican, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the next president should be “someone who’s leading the fight for free-market principles and the Constitution,” and who isn’t listening to “the established politicians.”
The most significant change in three decades in how the Senate approves presidential nominees could make one of the least productive Congresses even more gridlocked, endangering efforts to raise the nation’s debt ceiling and fund the government, Republicans say.