Apparently the meetings between potential Secretary of State nominee Susan Rice and cranky old warhawks didn’t go very well. “Bottom line, I’m more disturbed now than I was before,” Sen. Lindsey Graham (R-S.C.), one of the critics, said after the meeting. The Republican senators have repeatedly said they are concerned with how Rice explained what [...]

The White House, in announcing the departure of Mary Schapiro as Chairwoman of the SEC, also took the unusual step of “designating” her replacement – a way to fill the vacancy at the top of the commission without confirmation in the Senate. Elisse Walter, a current commissioner, will replace Schapiro. Here’s the announcement: President Obama [...]

Let’s briefly recap Congress’ busy day yesterday, as they head out for a two-week recess (Spring Break ’12 Cancun?): • I already mentioned the passage of the Paul Ryan budget. If you believe that politics have anything to do with policies, it is confounding for House Republicans to mostly walk the plank again, passing a [...]

I love how Cordray is a “controversial” nominee. Why? Because Republicans don’t think there should be a CFPB? How exactly does that make Cordray controversial?