Elizabeth Warren to be appointed to ... something
Or so Jake Tapper reports:
President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.[...]
Naming Warren as an assistant or counselor to both the president and Treasury Secretary Tim Geithner would allow the president to bypass a Senate confirmation process that could prove lengthy and contentious.
“I’m concerned about all Senate confirmations these days” including if he were to “nominate somebody for dog catcher,” the president said Friday when asked if he was concerned about Warren’s ability to be confirmed. “I’ve got people who have been waiting for six months to get confirmed who nobody has an official objection to and who were voted out of committee unanimously, and I can’t get a vote on them.”
Since nominees facing the confirmation process also enter a period of public silence, avoiding the confirmation process would also allow Warren to publicly discuss the agency and its benefits, which the president is eager for her to do.
Still unclear: Does this prevent her from eventually heading the agency? Or is this a precursor to doing that? What are her actual powers? How long does she serve in this position for?
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