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<strong><center><a href="http://www.baraniwhistomnist.com/2121/78/155/733/2329.12tt74103107AAF22.php"><H3>What do you think of Kohls? Complete a survey and claim a gift card</a></H3></strong>
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<p style="font-size:xx-small;"> a's second term.Watt represents the
Charlotte area, home base of behemoth Bank of America Corp. He becomes
yet another high-profile African-American and the second North Carolinian
nominated by Obama in three days to a top government post. On
Monday, Obama nominated Anthony Foxx, mayor of Charlotte, to head the Transportation
Department.Watt, who has a consistently liberal voting record, is expected
to face Republican opposition to his confirmation and Sen. Bob Corker, R-Tenn.,
was among the first to express disappointment.The White House was already
lining up supporters who might hold some sway with GOP senators."This gives
new meaning to the adage that the fox is guarding the hen
house," Corker, a member of the Senate Banking, Housing and Urban Affairs
Committee, said in a written statement. "The debate around his nomination
will illuminate for all Americans why Fannie and Freddie failed so miserably."Corker
added that the administration should "explicitly lay out" its plans for
dissolving the government-sponsored lending companies before anyone is considered
for the FHFA's top job.The administration put forward a plan in 2011
to slowly dissolve Fannie and Freddie, with the goal of shrinking the
government's role in the mortgage finance system. But Congress has yet to
decide how much the government's role should be reduced.Erskine Bowles,
a fellow North Carolinian and former White House chief of staff under
President Bill Clinton, pra
es caused
by across-the-board spending cuts.The White House abruptly retreated under
pressure last Wednesday when it indicated it would accept an easing of
the FAA cuts while leaving the balance of the $85 billion in
reductions unchanged. Given lengthy political struggle surrounding across-the-board
cuts, the issue was sensitive enough so that when Sens. Susan Collins,
R-Maine and Mark Udall, D-Colo., initially proposed legislation that explicitly
said the measure would assure the towers remain open, Senate Majority Leader
Harry Reid, D-Nev., objected, according to several officials briefed on
the discussions.The wording was altered to drop the explicit reference,
although the flexibility to keep the towers open was retained. It was
not clear whether Reid insisted on his own behalf, as a proxy
for other Democrats, or on behalf of the White House. But it
was not the first time the leader has become involved in a
struggle over the fate of the towers.When the Senate was debating a
different measure earlier in the year, he quietly prevented Moran from gaining
a vote on a stand-alone proposal to keep the towers open.A spokesman
for Reid was not immediately available to comment.Huerta testified recently
that the cost of cancelling FAA furloughs would be $220 million through
Sept. 30, leaving about $33 million in freed-up funding to maintain the
towers. He also said the agency is working with about 50 communities
and airport operators in hop
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