White House Press Secretary Robert Gibbs on Monday said Elizabeth Warren is "very confirmable" for a position in charge of the new Consumer Financial Protection Agency (CFPA).
Gibbs dismissed criticism that Warren — the chairwoman of the panel overseeing the 2008 Wall Street bailout program — is not well-qualified to run the bureau, which was created by the Wall Street overhaul bill President Obama signed last week.
"I think Elizabeth Warren is a terrific candidate," Gibbs said at his daily press briefing. "And I think she's very confirmable for this job."
Gibbs’ statement is one of the strongest signals so far that the administration may pick Warren to head up the agency. Liberal activists and a number of Democrats in Congress have pushed for Warren to lead the CFPA once it's open for business, with the sense that her leadership would give the new agency real authority in fighting excesses and abuses in the financial services industry.
But Senate Banking Committee Chairman Chris Dodd (D-Conn.) threw some cold water on Warren's candidacy, suggesting that she might have a difficult time getting the 60 votes necessary to win confirmation for the position in the Senate.