The full Senate voted 57-41 to confirm Rep. Mel Watt (D-N.C.) as FHFA director on Tuesday.
In October, Republicans prevented Watt's confirmation from advancing in the Senate. However, in November, Senate Democrats voted to overturn a rule that required 60 votes to stop a filibuster that prevented a floor vote on presidential nominees.
Under the new rules, 51 votes are enough to overcome a filibuster.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
