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The Voice of the Black Community
BLMC 10272016

State & National

Watt sworn in as mortgage chief
Charlotte Democrat takes over at FHFA
Published Tuesday, January 7, 2014 6:05 am
by The Associated Press

WASHINGTON — North Carolina Rep. Mel Watt has been sworn in to lead the Federal Housing Finance Agency.

Vice President Joe Biden presided over a ceremonial swearing-in on Monday on the White House grounds. Transportation Secretary Anthony and former Charlotte mayor Foxx officially swore in Watt earlier in the day.

Watt, a Charlotte native, represented North Carolina's 12th Congressional District in the House but is stepping down to take over as a top housing regulator.

The Democrat was confirmed by the Senate in December after being in limbo since President Barack Obama nominated him in May. Republicans said he's not qualified, while Democrats said the 21-year House veteran has the needed experience.

Filibuster changes that Senate Democrats made late last year lowered the voting threshold for Watt and others to be confirmed.



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