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"CFPB chief search complicated by GOP's tenuous Senate hold" by Ian McKendry.
Ian Katz was quoted in Ian McKendry's American Banker article, "CFPB chief search complicated by GOP's tenuous Senate hold," published on February 12th, 2018.
The article reads:
“They need to try to get nominees that can win at least a handful of Democratic votes. And if they can't do that, then they have to really be sure they have every Republican vote,” said Ian Katz, an analyst at Capital Alpha Partners.
Goodfriend's nomination to be a Fed board governor was approved along party lines by the Senate Banking Committee on Thursday, but reports quickly surfaced that Sen. Rand Paul, R-Ky., would oppose his nomination. With the health status of McCain a bit of an unknown, Goodfriend’s nomination could be blocked if Democrats hold firm and all vote against him. (Vice President Mike Pence holds a tie-breaking vote.)
“This underscores how thin the Trump administration's margin for error is on these nominations and how careful they need to be,” said Katz.
The administration “can't count on getting much if any Democratic support ... so they had better make sure all the Republicans are on board. That's a lot of work and can involve negotiating and horse-trading, and it has to be time-consuming,” Katz said.