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Obama May Dodge Battle Over Warren

President Obama would make his liberal critics happy with this move: He may name Elizabeth Warren as the interim head of the newly created Consumer Financial Protection Bureau, thereby avoiding a tough confirmation battle in the Senate. The move is one of many options Obama is considering; another is a "recess appointment" while the Senate is on break. Warren is Obama’s top pick to head the agency, and the president has praised her key role in creating it. But many on Wall Street strongly oppose her. If she goes through the regular Senate confirmation process, Republicans would likely paint Warren as an ideologue who would hurt competition in the financial sector.

September 14, 2010 2:05 AM