Richard Cordray Nomination: Obama Using Recess Appointment Amid GOP Opposition
WASHINGTON -- In a bold move sure to infuriate Republicans and possibly draw a court challenge, President Barack Obama announced Wednesday that he will use his executive power to bypass Congress and put Richard Cordray in charge at the Consumer Financial Protection Bureau.
The move is a rare instance of the president invoking his authority to override a months-long effort by Senate Republicans to block Cordray. They rejected his confirmation in a December vote and reiterated that, even though they like Cordray, they would keep opposing him or any other CFPB nominee until changes are made at the agency. Obama's recess appointment on Wednesday trumps their effort.
The president announced Corday's appointment during a speech on the economy in Cleveland, Ohio. Cordray, who previously served as the Ohio attorney general, flew on Air Force One to stand alongside the president at the event. Once appointed, Cordray can begin serving as CFPB director later this week and could stay in the role for at least two years.
LP - About time. If the Republicans aren't going to lead than someone will have to do it for them.
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