Tag: Fannie Mae

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National

GOP blocks Obama nominees, Dems weigh response

In this May 1, 2013, file photo, President Barack Obama’s nominee for the Federal Housing Finance Authority director Rep. Mel Watt, D-N.C., waves during the announcement of his nomination in the State Dining Room of the White House in Washington. (AP Photo/Jacquelyn Martin, File) by Alan Fram Associated Press WriterWASHINGTON (AP) — Senate Republicans on Thursday blocked President Barack Obama’s picks for a powerful federal court and a housing regulatory agency, prompting Democrats to threaten curtailing the GOP’s ability to derail nominations. “Something has to change, and I hope we can make the changes necessary through cooperation,” Senate Majority Leader Harry Reid, D-Nev., said after the votes.

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National

Veteran N.C. Congressman Watt gets Federal Housing Finance Agency nod

President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.