Senate Repblicans Block Watt FHFA Nomination

Oct. 31 (Bloomberg) -- The U.S. Senate voted not to consider the nomination of Representative Mel Watt, a North Carolina Democrat, to lead the Federal Housing Finance Agency following resistance from Republicans over his qualifications. That opposition led to a 56-42 vote -- four votes short of the 60 needed -- to move the nomination to a final debate and floor vote on President Barack Obama’s nominee to replace Edward J. DeMarco, who has been acting director since 2009. Vice President Joe Biden and Majority Leader Harry Reid speak. (Source: Bloomberg)

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