top of page

Senate GOP Blocks Housing Finance Nominee

Writer's picture: OurStudioOurStudio

Senate Republicans blocked the nomination of Rep. Mel Watt, D-N.C. to head the Federal Housing Finance Agency to oversee mortgage lenders Fannie Mae and Freddie Mac at a critical time for the industry.

Democrats fell three votes shy of the 60 required to advance his nomination.

President Obama nominated the North Carolina Democrat in May to replace acting FHFA director Edward DeMarco. Thursday's filibuster marked the first time since the Civil War that a sitting member of Congress was denied a presidential nomination by the Senate.

0 views0 comments

Comments


NEWSLETTERS

Get Reason In Your Inbox.

Thanks for submitting!

Join the

LIBERTARIAN PARTY

We are funded entirely by Americans who want to help give liberty a voice. By joining the Libertarian Party as a dues-paying member, you are investing in this critical work.

Thanks for submitting!

ADDRESS

1444 Duke St.

Alexandria, VA 22314-3403

PHONE

(800) ELECT-US

(800) 353-2887

EMAIL

bottom of page