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Home » Rep. Watt’s FHFA Nomination Falls Short in Senate Vote, Dems Vow Another Try, Industry Observers Doubtful
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Rep. Watt’s FHFA Nomination Falls Short in Senate Vote, Dems Vow Another Try, Industry Observers Doubtful

November 7, 2013
Expect Senate Democrats and the White House to continue their push to see Rep. Mel Watt, D-NC, confirmed as the new director of the Federal Housing Finance Agency despite falling four votes short in a key procedural vote in the Senate last week. On Oct. 31, Senators voted 56 to 42 to limit floor debate on Watt’s nomination, well below the 60-member supermajority required to invoke cloture and shutter any potential filibuster under current Senate rules. Had Democrats been able to clear the 60-vote threshold and invoke cloture, it’s all but certain that Watt would have become the new FHFA director: the final vote on his nomination would then need only a simple majority of 51 votes. Senate Majority Leader Harry Reid, D-NV, has expressed...
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