On the Radar: Obama on appointment; van der Sloot case; jobs report
President Obama sparked controversy with his appointment of Richard Cordray to the Consumer Financial Protection Bureau.
January 6th, 2012
08:26 AM ET

On the Radar: Obama on appointment; van der Sloot case; jobs report

Three stories to know about Friday:

Obama addresses Consumer Financial Protection Bureau after controversial appointment – U.S. President Barack Obama is scheduled to make remarks at the new Consumer Financial Protection Bureau in Washington on Friday, just days after he decided to make a recess appointment of Richard Cordray to head the agency a move protested by congressional Republicans.

Republicans say the move was unconstitutional because the Senate technically has met every three or four days over the holiday period and therefore was not in recess.

However, Senate Democrats defended the appointment, arguing the president's constitutional authority to fill top government posts outweighed whether Congress was technically in session or not. At issue is a disagreement over the meaning of the term "recess." The Constitution states the president can make recess appointments but fails to dictate how long a recess is. Legal experts have debated the point for years.

With a recess appointment, Cordray can serve through the end of 2013. Republicans had vowed since May to block confirmation of any director unless they get structural changes to the bureau, which was formed as part of the Wall Street reform law passed last year.

Van der Sloot murder trial in Peru – The Dutch man charged with killing a 21-year-old woman in a Peru hotel room last year is expected to plead guilty Friday to all charges against him, his attorney told CNN.

The initial plan was for Joran van der Sloot to admit to killing Stephany Flores in May 2010 while fighting more stringent charges that could land him additional time in prison, attorney Luis Jimenez said.

The murder trial was set to start Friday in Lima. Jimenez said the intention of the new strategy is to give a "sincere confession," which under Peruvian law can qualify his client for a more lenient sentence.

About 6 1/2 years ago, van der Sloot was considered the prime suspect in the case of Alabama teenager Natalee Holloway, who vanished while on a graduation trip to the Caribbean island of Aruba. He was arrested twice but never charged in connection with Holloway's disappearance, which remains unsolved.

Investors await December jobs report – Investors on Friday morning will be looking forward to seeing the U.S. government's monthly employment report, looking for signs of a stronger recovery.

The report is expected to show 150,000 jobs were created in December. The Labor Department also is scheduled to revise its data back for the last five years and many economists are expecting it will show job growth was stronger than initially reported in the last few months of 2011.

Economists surveyed by CNNMoney expect the jobs report will show the private sector added 170,000 jobs in December, while the government cut 20,000 jobs for a net gain of 150,000.

Economists are also forecasting the unemployment rate ticked up to 8.7% from 8.6% in November, mainly due to discouraged workers who had previously given up their job searches re-entering the labor force.

soundoff (82 Responses)
  1. chrissy

    lol ty banasy! Also add the fact, who has been missing all day? This ignorant pinheaded sissy can still add l and l and come up with ummm 2 lmao

    January 6, 2012 at 6:49 pm | Report abuse |
  2. banasy©

    Who cares?

    Bobcat, that's so funny, because my website http://www.GFY.com

    Gotta think of one for chrissy or should I say sissy...lmao!

    January 6, 2012 at 6:56 pm | Report abuse |
  3. Norma Tyler

    If people would go back and look at when Bush was in the white he didnt care about the poor or middle class all he care about was oil now Obama when he got into office it was a mess that Bush Obama is is for the people but the R want let him do his job.For one pray needs to be place back in school etc and the 10 commandment why America is felling we have forgot God.

    January 6, 2012 at 8:02 pm | Report abuse |
  4. bobcat (in a hat)©

    @ Norma Tyler

    I don't think it's as much a lack of religion, as it is a matter of greed. Those that have it all aren't concerned about their fellow man any longer.

    President Obama has done a wonderful job, considering the lack of backing that he's got.
    If they will give him some help in his next four years, I believe you will start seeing good things happen again.

    January 6, 2012 at 8:23 pm | Report abuse |
    • Pete

      @bobcat,isn't it funny a multimillionaire wanting a political position that pays a lousy $400,000 a year.Romney got a bigger tax break than that and its all about greed you've said and ego...An egotistical idiot that stripps companies of their resources,pensions,employees jobs and these rightwing nitwits think he's good for the job.Wow,Pres.Obama creating jobs every month steady,compared to the brain dead Bush,who left us high and dry for Texas after completely destroying a once proud economy.Come June28,we'll see just how strong China is also if they don't side with us with the sanctions against Iran.Chinas economy will collapse without the monetary infusion that a country as big as America can give to help keep their country afloat.Europe and other countries don't welcome China with open arms as we do,they're repulsed by the way the citizens of China are treated,and don't like their financial power being used against them in a disrupting way.So only time will tell on both accounts,the political stage here and the world stage against Iran and now North Korea,plus the ever present Syria.

      April 13, 2012 at 2:19 pm | Report abuse |
  5. georgex

    hello

    January 6, 2012 at 8:34 pm | Report abuse |
  6. georgex

    The Republicans are resisting every effort to raise taxes on the rich and the corporations which are necesary to help solve the budget problems. They are heavily under the influence of donations. Public financing of campaigns and limiting corporation donations is needed.

    January 6, 2012 at 8:37 pm | Report abuse |
  7. chrissy

    Ty Norma and georgex! Now i KNOW im not an ignorant pinhead. lol guess we are the popular vote roadwarrior and @ banasy mine is http://www.LMN.com roflmmfao! Betcha you and bobcat cant guess that one! Lol

    January 6, 2012 at 9:05 pm | Report abuse |
  8. bobcat (in a hat)©

    @ chrissy
    You know I've got an old brain. Now you want me to burn some more cells. LOL Let me think on it for a bit.

    January 6, 2012 at 9:54 pm | Report abuse |
  9. chrissy

    lmao @ bobcat! Not much older if at all, than mine sweetie!

    January 6, 2012 at 10:01 pm | Report abuse |
  10. Tcr C2

    If the president makes a mistake its ok, but if the president does something right the wolves come out again. So if you think you could do the job yourself , or shut up !!!!!!

    January 6, 2012 at 10:54 pm | Report abuse |
  11. Tcr C2

    I visited peru in 07, i could think of a million places in the surrounding area of lima that he could be taking for a just punishment for his crime. Than when its all over strip him of his citizenship and make him a peruvian citizen and throw him on the streets! That would punish him for the rest of his life. Down there theres no real panhandling, ive seen the homeless there, compared to american homeless the americans that are homeless have got it made, at least the people here will give a few cents, down there they are lucky to eat three times a week. Ive seen two americans down there that were homeless and they looked like they were fresh out of the amazon , talk about beeing forgotten. Vander monster your guilty!!!! Just fess up to it you got away with it once , but twice,come on how many other women has he murdered? Well find out someday

    January 7, 2012 at 12:12 am | Report abuse |
  12. chrissy

    Welcome back mama! Good to hear from you again and you are so right! :) and could you just imagine Perry as our POTUS? Talk about dumbing down lmao

    January 7, 2012 at 12:14 am | Report abuse |
  13. bigwilliestyles

    Whoa, Banasy! http://www.kma.com? Not you! Who knew!

    January 7, 2012 at 3:06 am | Report abuse |
1 2 3 4 5