Senate Dems Could Push FHFA Watt Vote As Early As Next Week
December 6, 2013
It is no longer a question of if the Federal Housing Finance Agency will have a new head but rather how soon. When that occurs, the question will shift to whats next, say industry observers. Following its return from Thanksgiving recess, the U.S. Senate could move as early as next Tuesday to vote to confirm Rep. Mel Watt, D-NC, President Obamas pick to run the FHFA. The nominations of Watt and Janet Yellen to head the FHFA and the Federal Reserve, respectively, are tethered on the Senates agenda by design.