Federal Housing Finance Agency

Tasnim Shamma

The nomination of North Carolina congressman Mel Watt to head the Federal Housing Finance Agency cleared a key procedural hurdle Tuesday.

The U.S. Senate voted 57-40 to break Republican opposition to Watt’s nomination. Democrats were able to move the nomination forward thanks to a change in Senate rules that Democrats pushed through last month in response to numerous blocked nominations.  

Watt Faces Senate Skeptics, Confirmation Unclear

Jun 27, 2013

Charlotte Congressman Mel Watt's path to become the next head of the agency that oversees mortgage finance remains unclear after his senate confirmation hearing in Washington on Thursday.