Senate GOP Blocks Obama Pick for Housing Agency - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Senate GOP Blocks Obama Pick for Housing Agency

Posted: Updated:

Senate Republicans have blocked President Barack Obama's nominee to head the federal agency that oversees Fannie Mae and Freddie Mac.
 
The Senate voted Thursday 56-42 for Congressman Melvin Watt's nomination. But that was 4 short of the 60 votes needed to end GOP delaying tactics.
 
Watt is a North Carolina Democrat whom Obama picked to head the Federal Housing Finance Agency as the wounded housing industry has begun to recover. Democrats said Watt's 21 years in the House, on the Financial Services Committee, gave him expertise needed for the job.
 
Republicans say Watt is too political, while conservative groups have attacked his support for government involvement in the housing industry. 
 
Fannie Mae and Freddie Mac are the giant government-owned mortgage lenders that own or back half of U.S. mortgages. (AP)

  • Today's Top StoriesMore>>

  • Lawsuit Against Nevada Wildlife Commission

    Lawsuit Against Nevada Wildlife Commission

    Monday, September 1 2014 7:47 PM EDT2014-09-01 23:47:40 GMT
    Two men have sued Nevada wildlife commissioners, saying current trapping regulations are causing needless suffering for thousands of "non-target" animals including dogs, golden eagles and mountain lions.More >>
    Two men have sued Nevada wildlife commissioners, saying current trapping regulations are causing needless suffering for thousands of "non-target" animals including dogs, golden eagles and mountain lions.More >>
  • Fatal Rollover on Highway 50

    Fatal Rollover on Highway 50

    Monday, September 1 2014 2:45 PM EDT2014-09-01 18:45:19 GMT
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
    82-year-old Dayton woman is dead after a vehicle rolled over on US 50 in Carson City.More >>
  • Reno Police Shoot Robbery Suspect

    Reno Police Shoot Robbery Suspect

    Monday, September 1 2014 2:58 AM EDT2014-09-01 06:58:19 GMT
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
    Multiple agencies are investigating after an armed robbery suspect was shot and killed by police in front of a Reno casino Sunday evening. More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.