In it, but not of it. TPM DC

Dodd Unaware Of Interim Appointment Power For Warren?

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Newscom

In the past, aides had dismissed the interim-director possibility, suggesting that Warren would either be nominated the old-fashioned way, or given a recess appointment -- if she got the nod at all.

The White House brushed off the CFPB rumors and remained mum about its plans, saying only that President Obama will announce his CFPB pick soon.