Senate approves Schapiro for SEC; Geithner moves on to floor vote

01/23/2009 | Reuters · Wall Street Journal (free content), The

The Senate Finance Committee voted 18-5 Wednesday to approve the nomination of Timothy Geithner as Treasury secretary and send the nomination to the full Senate for consideration. By unanimous vote, the Senate today approved President Barack Obama's appointment of longtime securities regulator Mary Schapiro as chairwoman of the Securities and Exchange Commission. Pledging to take up the challenge of reinvigorating the agency, Schapiro told senators at her confirmation hearing that she would take the "handcuffs off" the SEC's enforcement division.

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Reuters · Wall Street Journal (free content), The

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