Fannie Mae-No Politics (FNMA)

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News. Mel Watt Senate vote update.

http://www.forextv.com/forex-news-story/us-senate-begins-series-of-votes-to-reconsider-watt-nomination

Market News International | December 10 2013 10:29 EST
--Senate Will Hold Three Votes To Reconsider Watt Nomination
--After Three Senate Votes, Debate On Watt Could Extend Three Hours

By John Shaw

WASHINGTON (MNI) - The Senate began Tuesday a series of three votes to
reconsider the nomination of Congressman Melvin Watt to be the head of the
Federal Housing Finance Agency.

At the conclusion of the third vote, the Senate will still have up to eight
hours to debate the Watt nomination.

It seems likely that the final vote to confirm Watt will occur later this
week, possibly Wednesday.

Senate Republicans blocked Watt's nomination Oct. 31, but Senate Majority
Leader Harry Reid decided to push the nomination again in the aftermath of the
Senate's recent change of rules making filibusters more difficult to execute.

--MNI Washington Bureau; tel: [phone]; email: [e-mail]