Axelrod: Elizabeth Warren ‘Obviously a Strong Candidate’ to Lead CFPB
A day after the Senate approved sweeping financial reform legislation, White House senior adviser David Axelrod affirmed that President Obama is considering progressive favorite Elizabeth Warren to lead the consumer financial protection bureau.
Warren is “obviously a candidate to lead this effort,” Axelrod said on a call with reporters this afternoon, “but there are other candidates as well.”
The top Obama adviser described Warren, currently the chair of the Congressional Oversight Panel for the bailout funds, as a “great, great champion for consumers and middle class families across the nation.”
Treasury Secretary Timothy Geithner reportedly opposes Warren for the position.
Axelrod called the financial reform legislation “a huge leap forward for consumers,” and he criticized House Minority Leader John Boehner’s (R-Ohio) “stunning” call for repeal of the legislation.
“I was surprised yesterday, frankly, that even as this bill was being passed the Republican leader in the House was announcing his mission to repeal it, if they get the opportunity to do so,” he said, invoking Boehner’s claim that the bill was akin to “killing an ant with a nuclear weapon.”
“I think that tells you exactly what side of this argument they’re on,” Axelrod said.