April 23, 2018

Renewed Push for Obama's FHFA Pick

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Renewed Push for Obama's FHFA Pick

President Barack Obama's top advisers met Monday with real estate industry groups to try to break the stalemate over approving Rep. Mel Watt (D-N.C.) to head the Federal Housing Finance Agency. 

A Senate confirmation vote could come this week, but Democrats will only hold 55 votes by Thursday when Cory Booker (D-N.J.) is seated. Sen. Richard Burr (R-N.C.) is the only Republican to publicly endorse Watt, who needs 60 votes to overcome procedural hurdles and win confirmation. 

Republicans may feel pressure to allow an up-or-down vote due to industry support for Watt. The officials "made clear that the Watt confirmation is a top White House priority [and] that the Senate should move to confirm him this week," said Amy Brundage, a White House spokeswoman.

Source: "Democrats Renew Push to Confirm Housing-Agency Pick," The Wall Street Journal (Oct. 29, 2013)

© 2013 Information Inc.

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