December 20, 2013 |
WASHINGTON - In its last workday of the year, the Democratic-controlled Senate overcame GOP objections Friday to confirm two high-profile Obama nominees to the Department of Homeland Security and the Internal Revenue Service, but put off final approval of Federal Reserve chairwoman candidate Janet L. Yellen until January as part of a late-night cease-fire so lawmakers could adjourn for the holiday recess. After heated debate, the Senate narrowly approved Alejandro Mayorkas, President Obama's controversial pick for the No. 2 job at Homeland Security, in a 54-41 vote.
November 1, 2013 |
Acting Federal Communications Commission Chairwoman Mignon Clyburn is not taking it easy during her final days as head of the regulatory agency. On Friday, Clyburn circulated a proposal to do away with the 40-year-old sports blackout rules, which allow the National Football League to blackout television coverage of games in a team's home market if it isn't sold out within 72 hours of kickoff. “Changes in the marketplace have raised questions about whether these rules are still in the public interest, particularly at a time when high ticket prices and the economy make it difficult for many sports fans to attend games," Clyburn said in a statement.
April 8, 2013 |
WASHINGTON -- The Senate on Monday confirmed Mary Jo White to chair the Securities and Exchange Commission, placing a tough former prosecutor in the role as Wall Street's top watchdog. White was confirmed by a unanimous voice vote in the Senate, an indication of broad bipartisan support. The Senate Banking Committee voted 22-1 to approve her nomination last month, with the only no vote coming from Sen. Sherrod Brown (D-Ohio). Brown has been critical of federal officials in general for not being tougher on Wall Street.
March 13, 2013 |
WASHINGTON - Senators questioned two of President Obama's nominees for key financial regulatory positions, and Democrats and Republicans appeared to like both of them. But only one of those candidates is expected to be confirmed. Mary Jo White, a former federal prosecutor, was on track to be confirmed as chairwoman of the Securities and Exchange Commission after Tuesday's hearing by the Senate Banking committee. However, the path for Richard Cordray, the director of the Consumer Financial Protection Bureau who has been renominated by Obama, was still blocked by Republicans who want changes to the agency.
February 18, 2013 |
NEW YORK - As a lawyer in private practice, Mary Jo White worked for Wall Street all-stars: banking giant JPMorgan Chase & Co., auditor Deloitte & Touche, former Bank of America Corp. chief Ken Lewis. White, President Obama's pick to lead the U.S. Securities and Exchange Commission, even did legal work for former Goldman Sachs Group Inc. director Rajat Gupta, the highest-profile catch in the federal government's crackdown on insider trading, according to disclosures White filed ahead of her U.S. Senate confirmation hearing.
January 24, 2013 |
After investigating a fire that broke out on Boeing Co.'s 787 Dreamliner passenger jet, the National Transportation Safety Board said that backup protections in the aircraft's lithium-ion batteries and electronics systems failed. But the safety agency hasn't reached a conclusion on the cause of the fire that occurred in Boston on Jan. 7 and partly led to last week's grounding of Dreamliners worldwide that remains in effect. Speaking to reporters Thursday from Washington, NTSB Chairwoman Deborah Hersman said the agency hadn't determined what happened, but she added that the redundant safety systems installed by Boeing did not work.