President Barack Obama traveled to the battleground state of Ohio Wednesday to announce the recess appointment of the state’s former attorney general to lead the new Consumer Financial Protection Bureau — and pick the first fight of the new year with congressional Republicans.
Obama’s nomination of Richard Cordray to be the CFPB’s new director has been in limbo since it was filibustered in the Senate last month. But Obama said that “when Congress refuses to act and as a result hurts our economy and puts people at risk, I have an obligation as president to do what I can without them.”
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