Obama: ‘I Won’t Take No For An Answer’ in Appointing Financial Bureau Chief Without Senate Confirmation

January 4, 2012 - 3:22 PM
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President Barack Obama, hitting a key swing state on Wednesday, defended his decision to recess appoint Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) without Senate confirmation while the Senate is technically in session and retains the constitutional authority to confirm such appointments.