The coolest place on the internet, according to this tagline.
AskArchiveFAQ

Senate GOP blocks vote on Cordray CFPB nomination
It’s not about Richard Cordray. That has become abundantly clear in the recent political jockeying over President Obama’s efforts to appoint a head to the Consumer Financial Protection Bureau, which came into existence via the Dodd-Frank financial reform law from 2010. Republicans have made it clear their reason for this blockage isn’t so much Cordray himself, who was a quite popular Attorney General in Ohio, but rather the structure of the bureau itself; they want a board to be in charge, as opposed to a single director, which many Democrats have dismissed as a means of muddying or weakening the bureau’s regulatory ability. In any event, the final vote tally was 53 yeas, 45 nays, which due to the Republican vow to filibuster the nomination is insufficient (a 60 vote super-majority is required to override the filibuster process). source
Follow ShortFormBlog

It’s not about Richard Cordray. That has become abundantly clear in the recent political jockeying over President Obama’s efforts to appoint a head to the Consumer Financial Protection Bureau, which came into existence via the Dodd-Frank financial reform law from 2010. Republicans have made it clear their reason for this blockage isn’t so much Cordray himself, who was a quite popular Attorney General in Ohio, but rather the structure of the bureau itself; they want a board to be in charge, as opposed to a single director, which many Democrats have dismissed as a means of muddying or weakening the bureau’s regulatory ability. In any event, the final vote tally was 53 yeas, 45 nays, which due to the Republican vow to filibuster the nomination is insufficient (a 60 vote super-majority is required to override the filibuster process). source

Follow ShortFormBlog

December 8, 2011 // 15:10 // 2 years ago
blog comments powered by Disqus

13 notes from really cool Tumblrs like ours. Click to read.

  1. shamelessagitator reblogged this from shortformblog and added:
    Rich - time to run for Governor of Ohio!
  2. lefarce said: Even if it’s been the de facto rule now for a while, 60 votes to pass still angers me.
  3. oxnews reblogged this from shortformblog
  4. ivnetwork reblogged this from shortformblog
  5. ashleelisbeth reblogged this from shortformblog
  6. jamie-reads-thenews reblogged this from shortformblog
  7. hairtrending reblogged this from shortformblog and added:
    ”POLITICS” as usual, I fear. I’m gettin’ more and more disgruntled at this patent form of GRIDLOCKOBSTRUCTIONISM....
  8. sjs1959 reblogged this from shortformblog
  9. shortformblog posted this