Obama Bucks

(Please visit the site to view this media)President Obama is making an end-run around Congress with a controversial recess appointment, with CNBC's Hampton Pearson & John Harwood....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

Congressional officials said President Obama has used his recess appointment powers Wednesday to name a head for the controversial new Consumer Financial Protection Bureau in a move Republican lawmakers said amounted to an unconstitutional power grab. Mr. Obama made the appointment of former Ohio Attorney General Richard Cordray even though the Senate, which has the power to confirm nominees, considers itself still in session. But the White...  

Pres. Obama warned Congress this afternoon that he considers numerous provisions of the megabus spending bill to be unconstitutional, including provisions relating to detainees held at Guantánamo Bay, Cuba. “My Administration has repeatedly communicated my objections to these provisions, including my view that they could, under certain circumstances, violate constitutional separation of powers principles,” Obama wrote in a signing statement...  

With a director in place, the new Consumer Financial Protection Bureau will be able to start overseeing the mortgage companies, payday lenders, debt collectors and other financial companies often blamed for practices that helped tank the economy.  

President Barack Obama, accompanied by Richard Cordray, speaks as he visits with William and Endia Eason Wednesday, January 4, 2012, at their home in Cleveland, Ohio. (AP Photo/Haraz N. Ghanbari) Yesterday, the Washington Post reported that President Obama ...  

The White House is expecting considerable criticism and perhaps a court challenge, but says Obama was left with little choice to get the consumer agency fully running after months of stalemate. Acting right after Tuesday's GOP presidential caucuses in Iowa ...  

President Barack Obama warned Congress this afternoon that he considers numerous provisions of the megabus spending bill to be unconstitutional, including provisions relating to detainees held at Guantánamo Bay, Cuba. “My Administration has repeatedly ...  

senior administration officials told The Associated Press With a director in place, the new Consumer Financial Protection Bureau will be able to start overseeing the mortgage companies, payday lenders, debt collectors and other financial ...  

“I support President Obama’s decision to make sure that ... But by abrogating decades of understanding of the recess appointment power Mr. Obama threatened to spark a full legislative war with Congress.  

The White House is installing ex-Ohio AG Richard Cordray to head the new Consumer Financial Protection Bureau