Long To Do List, but Elections and Gridlock May Prevent Action
So much to do, so many potential distractions.
That’s the outlook facing Congress as it returns to work after its holiday break.
While the Senate confirmed Michael Fryzel as chairman in July 2008, also a presidential election year, the partisan stakes were different. Fryzel, a Republican, succeeded Joann Johnson, another Republican, as chairman. And Democrats knew that if then-candidate Obama were elected, he would soon have the chance to name a Democrat and make the board majority Democratic when NCUA Board Member Rodney Hood’s term expired. Obama did just that when he named former NCUA board member Debbie Matz to be the NCUA’s chairman in May 2009, and she was confirmed later that summer.
On policy issues, the outlook is also murky.