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Senate Steps Back From Nuclear Brink, Inches Toward Cordray Nomination
Time: The Senate voted 71-29 to move forward with the nomination of Richard Cordray for the director of the Consumer Financial Protection Bureau. Tennessee Republican Bob Corker, who predicted Cordray would pass the procedural hurdle after a night of closed-door discussions and flurry of morning phone calls, said it was an offer of “good faith” by Republicans. Cordray has waited two years for confirmation, and has been serving as director since January 2012 when he was placed in the job through a recess appointment. He will likely face a final vote today.
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