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Photo: Alex Edelman/Bloomberg via Getty Images

The Senate voted 50-48 on Thursday to approve Rohit Chopra as the third director of the Consumer Financial Protection Bureau.

Why it matters: Chopra, who served on the Federal Trade Commission, worked closely with Sen. Elizabeth Warren (D-Mass.) to establish the Bureau following the 2008 financial crisis.

The big picture: The 39-year-old will serve a five-year term after being approved along party lines Thursday.

  • Chopra's nomination failed in March after the Senate Banking Committee voted 12-12 along party lines. Senate Majority Leader Chuck Schumer later discharged the nomination from the committee.
  • Chopra has served as the assistant director of the Consumer Financial Protection Bureau and then the Student Loan Ombudsman.

Go deeper

Jan 3, 2022 - Politics & Policy

Schumer promises vote on Senate rules changes by MLK Day

Photo: Sarah SIlbiger/Bloomberg via Getty Images

Senate Democrats will use Thursday's anniversary of the Jan. 6 attack on the U.S. Capitol to propel their efforts to pass sweeping voting rights legislation.

Driving the news: In a letter to colleagues Monday morning, Senate Majority Leader Chuck Schumer (D-N.Y.) said the Senate will debate and vote on changing Senate rules if Republicans block a vote on the Freedom to Vote Act backed by Sen. Joe Manchin (D-W.Va.). Schumer promised a vote on Senate reforms by Martin Luther King Jr. Day on Jan. 17.

Jan 2, 2022 - Politics & Policy

Senate Dems, Biden resume Manchin chase to salvage BBB

Senate Majority Leader Chuck Schumer. Photo: Chip Somodevilla/Getty Images

The Senate Democratic Caucus sees salvaging the $1.75 trillion Build Back Better package as key to boosting the party’s chances in this fall's midterms, especially as President Biden’s popularity sags in the polls.

Why it matters: The White House isn't the only one still courting Sen. Joe Manchin (D-W.Va.) or his all-important vote.

Thousands without power as "hazardous" winter storm lashes East Coast

Satellite imagery of the Northeastern U.S. taken by NOAA on Jan. 17. Photo: NOAA

A major winter storm was lashing much of the East Coast on Sunday, causing widespread power outages and disrupting travel over the holiday weekend.

The latest: The Weather Prediction Center said in a storm summary Monday that winter storm warnings are still in effect for portions of the Central Appalachians, Ohio Valley, interior Mid-Atlantic, and Northeast, while portions of the Central Appalachians and coastal New England are under high wind warnings.