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The top reasons Wall Street and Republicans are scared of Richard Cordray

By Linette Lopez After months of pushback from Republicans in Congress, President Obama has finally decided to go over their heads and appoint former Ohio Attorney General Richard Cordray head of the Consumer Financial Protection Bureau without them. So who is he? We’ve written a lot about him at Business Insider. Partly because, no matter…

Senate’s top partisans trade positions on recess appointments

Two of the top partisans in the U.S. Senate on Wednesday found themselves diametrically opposed to their former positions on presidential recess appointments, with each man virtually swapping their closely held views for their opponents’ with regards to the always-controversial tactic. Issuing his rebuke of President Barack Obama’s decision on…

Obama to make recess appointment for consumer bureau

President Barack Obama is expected to make a recess appointment Wednesday, announcing that former Ohio Attorney General Richard Cordray will be named director of the Consumer Financial Protection Bureau. Cordray was among those boarding Air Force One to Ohio for Obama’s speech in the afternoon. According to prepared remarks obtained…

New Hampshire Republicans again challenge Obama’s citizenship

The made-up scandal that just won’t quit is back, with a vengeance. A group of Republican lawmakers in New Hampshire asked the state’s attorney general on Tuesday to launch an investigation into President Barack Obama’s citizenship, The Associated Press reported. The effort was being staged in hopes that they may…

Romney compares Obama to Kim Kardashian

At a campaign stop in Iowa, former Massachusetts Gov. Mitt Romney accused Barack Obama of failing to fulfill the promises he made as a candidate four years ago. “I’ve been looking at some video clips on YouTube of President Obama, then candidate Obama going through Iowa making promises,” he said.…

Amnesty: By signing NDAA, Obama has given al Qaeda a ‘propaganda victory’

The human rights group Amnesty International blasted President Barack Obama for signing the National Defense Authorization Act (NDAA) into law on New Year’s Eve. The $662 billion defense spending bill contained highly controversial provisions regarding the military detention of terrorism suspects. While signing the bill, Obama issued a signing statement…

Obama pledges to exempt Americans from indefinite detention law

President Barack Obama signed on New Year’s Eve a bill that gives the military authority to detain American citizens indefinitely and without criminal charge, breaking with the stroke of a pen one of his many campaign promises, even as he pledged that the new powers the bill grants will not…

President Obama nibbles on baby’s hand during visit to Marines

President Obama, who spent part of Christmas visiting Marines stationed in Hawai’i, got a bit of a surprise as the baby he was holding reached directly for the presidential teeth. Obama, who developed a bit of a reputation for his indulgence of curious children over the last few years, nommed…

Romney ‘promises’ student she will have job if he wins

Campaign promises are pretty standard this time of year, but this one may be going a little too far. At a campaign stop in Concord, New Hampshire Thursday, Republican presidential candidate Mitt Romney promised one college student that she would definitely have a job if he wins next November —…

Romney approves of premature deportation for Obama’s uncle

Former Massachusetts Governor Mitt Romney (R) said yesterday that he approves of deporting an uncle to President Barack Obama who was arrested in August on a charge of drunk driving, even though the man has a driver’s license, Social Security card and no prior criminal convictions. Speaking to Boston radio…

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