January 6th, 2012
08:00 AM ET
TGIF! Just days after the controversial recess appointment of Richard Cordray, President Obama will go over to the Consumer Financial Protection Bureau to meet and greet one of his newest hires. He'll meet the entire staff of the CFPB and deliver brief remarks to staff members of the new agency.
Also our radar screen today, we're looking forward to what the new jobs numbers are. We'll see if and how the White House will respond to the numbers out for December's unemployment rate and jobs created.
President Obama also has lunch plans today. He'll dine with winners of a campaign contest at a local DC-area restaurant.
For full guidance from the White House, click below. FULL POST
January 4th, 2012
05:57 PM ET
From CNN’s Ted Barrett and Kate Bolduan:
Congressional Republicans were furious Wednesday after President Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, arguing the move was unconstitutional because the Senate has met every three or four days over the holiday period and therefore was not on a recess.
“This is an extraordinary and entirely unprecedented power grab by President Obama,” complained House Speaker John Boehner, R-Ohio, in a statement, saying it “would have a devastating effect on the checks and balances that are enshrined in our constitution.”
“This recess appointment represents a sharp departure from a long-standing precedent that has limited the President to recess appointments only when the Senate is in a recess of 10 days or longer,” said Senate Minority Leader Mitch McConnell, R-Kentucky.
The intense GOP reaction to Cordray came before Obama also recess-appointed three members to the National Labor Relations Board, an agency under fire from Republicans who believe it is tilted in favor of labor unions.
January 4th, 2012
03:13 PM ET
Shaker Heights, Ohio (CNN) - Positioning himself as the defender of the middle class and a protector of American consumers, President Obama raised the ire of Republicans Wednesday announcing his appointment of a new consumer protection bureau chief without waiting for Senate approval.
"Now is not the time to play politics while people’s livelihoods are at stake," President Obama proclaimed at a campaign style rally in the pivotal swing state of Ohio.
The president was joined on stage by former Ohio Attorney General Richard Cordray, Obama’s nominee to head up the new Consumer Financial Protection Bureau. In a parliamentary maneuver which side stepped Senate approval, Mr. Obama made a recess appointment of Cordray to the position.
"I'm gonna look for every opportunity to bridge the partisan divide and get things done," the president told a capacity crowd of some 1400 people in the suburban Cleveland Shaker Heights High School gymnasium.
But he made no apology the action. It’s the latest move in the administration-led campaign called "We Can't Wait" which has moved initiatives forward using executive action and side-stepping what the White House has characterized as an obstructionist Congress. FULL POST