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Obama and Cordray
President Barack Obama announces his nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau, July 18, 2011. (Larry Downing/Reuters)
The vote we knew was coming happened in the Senate this morning, and the outcome was no surprise—in fact, the outcome was so foreordained that the Washington Post accidentally published its story early. As expected, Richard Cordray's nomination to head the Consumer Financial Protection Bureau was filibustered. Cordray got 53 votes, with 45 opposed, but of course, 60 votes are needed to break the filibuster.
It remains unclear what the next step for the Obama administration will be. The White House has been reluctant to name a director through recess appointment despite pressure to do so by several Democratic lawmakers and consumer advocacy groups.

In addition, Republicans have prevented the Senate from going on recess at all, instead holding pro forma sessions aimed at blocking any appointments. According to the Congressional Research Service, the shortest recess during which a presidential appointment has been made in the last 20 years was 10 days. The appointee also could only serve until the next session of Congress; a confirmed CFPB director would serve for five years.

Republican opposition to Cordray is less about Cordray himself and more about their insistence that consumers not receive the protection of a Consumer Financial Protection Bureau, of course.

Originally posted to Laura Clawson on Thu Dec 08, 2011 at 08:20 AM PST.

Also republished by Daily Kos.

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