President Barack Obama must name a Commodity Futures Trading Commission member with the experience needed to ward off Wall Street lobbying over the Volcker rule and speculation limits, nine Democratic senators said.
The U.S. Senate changed its rules to let a simple majority confirm most presidential nominees, defying opposition from Republicans who called it the most dangerous revision of its process in more than two centuries.
Senate Majority Leader Harry Reid may move ahead with changing rules on nominations as soon as today in response to Republicans’ blocking three of President Barack Obama’s choices for a federal appeals court.
Senate Majority Leader Harry Reid said he’s weighing a change to the chamber’s rules on handling nominations after Republicans blocked three of President Barack Obama’s choices for a federal appeals court in the past month.
President Barack Obama’s one-year reprieve for Americans losing health insurance achieved at least one political aim: to slow a Democratic rush toward a bill to curtail Obamacare coming to a vote today in the House.
President Barack Obama’s one-year reprieve for Americans losing insurance and rare display of contrition were meant to quell the political crisis engulfing Democrats over the botched roll-out of his health-care law.
As White House, Federal Reserve and Treasury Department staff prepare Janet Yellen to face the U.S. Senate for her nomination as the next Federal Reserve chairman, one experience remains seared in their memories: Ben S. Bernanke’s close call in 2010.