Senate GOP blocks nomination of Mel Watt to oversight agency of - | WBTV Charlotte

Senate GOP blocks nomination of Mel Watt to oversight agency of Fannie Mae, Freddie Mac

WASHINGTON (AP) -

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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsMore>>

  • Firefighters make quick work of fire at Henkel in Salisbury

    Firefighters make quick work of fire at Henkel in Salisbury

    Monday, May 21 2018 4:53 PM EDT2018-05-21 20:53:34 GMT
    (Salisbury Fire Department)(Salisbury Fire Department)
    (Salisbury Fire Department)(Salisbury Fire Department)

    Firefighters from the Salisbury Fire Department responded to a fire at the Henkel Corporation in the 800 block of Cedar Springs Road on Monday morning just after 11:30 am.

    More >>

    Firefighters from the Salisbury Fire Department responded to a fire at the Henkel Corporation in the 800 block of Cedar Springs Road on Monday morning just after 11:30 am.

    More >>
  • Salisbury Fire Captain earns degree

    Salisbury Fire Captain earns degree

    Monday, May 21 2018 4:45 PM EDT2018-05-21 20:45:13 GMT
    (Salisbury Fire Department)(Salisbury Fire Department)
    (Salisbury Fire Department)(Salisbury Fire Department)

    Salisbury Fire Captain Lauran McCulloh received her associate degree in Emergency Medical Science from Rowan Cabarrus Community College during their commencement service on Friday May 18. 

    More >>

    Salisbury Fire Captain Lauran McCulloh received her associate degree in Emergency Medical Science from Rowan Cabarrus Community College during their commencement service on Friday May 18. 

    More >>
  • City of Salisbury to host 'Chit, Chat & Chew'

    City of Salisbury to host 'Chit, Chat & Chew'

    Monday, May 21 2018 4:42 PM EDT2018-05-21 20:42:03 GMT
    (City of Salisbury)(City of Salisbury)
    (City of Salisbury)(City of Salisbury)
    Salisbury City Council and city staff will host the first in a series of community town hall meetings titled, Chit, Chat & Chew, Thursday, May 24, beginning at 5:15 p.m., at City Park Recreation Center, 316 Lake Dr. The first event will be held for residents in the “Park and Medical” area of the city which encompasses neighborhoods around City Park, the hospital and the North Main Street area. Chit, Chat & Chew town halls grew out of a request from Council member...More >>
    Salisbury City Council and city staff will host the first in a series of community town hall meetings titled, Chit, Chat & Chew, Thursday, May 24, beginning at 5:15 p.m., at City Park Recreation Center, 316 Lake Dr. The first event will be held for residents in the “Park and Medical” area of the city which encompasses neighborhoods around City Park, the hospital and the North Main Street area. Chit, Chat & Chew town halls grew out of a request from Council member...More >>
Powered by Frankly