Obama hails Cordray nomination in address
July 20th, 2013
06:00 AM ET
9 months ago

Obama hails Cordray nomination in address

(CNN) – The Senate's vote this week to confirm Richard Cordray as head of the Consumer Financial Protection Bureau was heralded by President Barack Obama in Saturday's weekly address.

The chamber confirmed Cordray on Tuesday in a 66-34 vote that capped a bitter fight over presidential nominations.

"Republicans in the Senate refused to give him a simple up-or-down vote, not because they didn't think he was the right person for the job, but because they didn't like the law that set up the consumer watchdog in the first place," Obama said of the delay, explaining why he finally put Cordray into place using a recess appointment.

Cordray's confirmation battle was part of a larger fight over Obama's nominees that resulted in threats from Senate Democrats to change legislative rules governing filibusters.

A deal was made this week to avert such a change.

In his remarks, Obama praised the work of the consumer bureau, noting it, among other things, has helped students and veterans better understand their finances.

"We've still got a long way to go to restore the sense of security that too many middle-class families are still fighting to rebuild," Obama said. "But if we keep moving forward with our eyes fixed on that North Star of a growing middle class, then I'm confident we'll get to where we need to go."


Filed under: President Obama
soundoff (3 Responses)
  1. Norma Vessels

    Good job, Senate, President Obama. Keep pushing the Republicans forward. No, they don't want to go forward, but for the good of the country, we all will have to push them on. They are not going to go forward on their own. They're stuck in neutral.

    July 20, 2013 08:59 am at 8:59 am |
  2. Anonymous

    King Obama...changed the law with a phone call "do not ipliment the employer mandat". Just as he changed the imagration laws by saying do not inforce the law on certain people. Maybe next he will just abolish Congress.

    July 20, 2013 09:44 am at 9:44 am |
  3. Just a thought

    King Obama...changed the law with a phone call "do not ipliment the employer mandat". Just as he changed the imagration laws by saying do not inforce the law on certain people. Maybe next he will just abolish Congress.
    ----
    trying to cut through the mispellings.... The president didn't change the ACA law, he's recommending a delay to allow those employers that were foolish enough to believe the GOP/Tea Trolls ability to repeal and replace with ...wait for it...wait for it...NOTHING. Very consistent behavior from the party of NO. But now people need more time to be ready to implement as for immigration...Here's a news flash...its been a problem for decades...This President has vowed to fix it. Please try to keep up

    July 20, 2013 01:10 pm at 1:10 pm |