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

    Good morning to you also bobcat! And well said!! The idiots in CONGRESS have quite conveniently forgotten WHO they are working for!

    January 6, 2012 at 10:38 am | Report abuse |
  2. bobcat (in a hat)©

    Good morning chrissy

    I'm just hoping the majority of people democrat and republican, are paying attention and will get rid of these freeloaders in November.
    It's seeming like President Obama is the only one up there who is caring about us.

    January 6, 2012 at 10:52 am | Report abuse |
  3. chrissy

    I hear ya on that! Too many people just focus on the color of his skin and refuse to get past that no matter what the issue is! Seems to be our biggest problem as a nation is our Federal Government has just gotten too fat! And they focus on nonsense!

    January 6, 2012 at 11:06 am | Report abuse |
  4. Scottish Mama

    I have just found out what the top Republican contenders plan to do. Romney, Santorum and Gingrich all want to deregulate the banks.(Gee isn't that the way this all started?) And Ron Paul wants to close the EPA and Educational Dept. Thats what we need Companies regulating themselves (there goes the water and air) on enviornmental issues and no one keeping eye on what schools should be teaching(the dumbing down of the masses). We are going to hell in a hand-basket. They also want to put the richest in the 0 (Santorum)-15%(Romney) in paying taxes. Middle class may have to invoke the raype law. Here we go folks the middle class is about to take one for the wealthiest again.

    January 6, 2012 at 11:56 am | Report abuse |
  5. banasy©

    I thought that was Perry's plan to close the EPA and the Dept. Of Energy?
    Ron paul wants to close the Department of Education?
    Good Lord, really?
    As for the deregulation of banks, that news doesn't surprise me, not really.
    Since all the deregulation of the 80's, this country hasn't fared well, IMO.

    Hi, chrissy, my SAB twin.

    January 6, 2012 at 12:27 pm | Report abuse |
    • Scottish Mama

      I don't think Perry is in the running, stick a fork in him, hes done. I don't think he can remember what he is for or against.

      January 6, 2012 at 11:53 pm | Report abuse |
  6. Hugh Jass©

    It's all about making U.S. Citizens frightened.

    January 6, 2012 at 12:33 pm | Report abuse |
  7. Keith

    I have become convinced that Mitch McConnell is planning a coup d'etat from his anticipated post as Senate Majority Leader and that, further, this move by President Obama is a defensive one aimed at heading that off. I have an article about this on louisville.com, along with an invitation to consider me a paranoid nut case. 😉 http://www.louisville.com/content/obama-rebuffs-mcconnell-coup-detat-attempt-opinion-arena

    January 6, 2012 at 12:34 pm | Report abuse |
  8. bobcat (in a hat)©

    @ Scottish Mama

    Long time no see. How are you doing ?

    It appears we are headed for the skids in this country. All we can do is hope people are smart enough to give President Obama a congress that will work with him in his next four years.
    I really believe he can turn things around with people who know how to say " yes " from time to time.

    January 6, 2012 at 12:35 pm | Report abuse |
    • Scottish Mama

      Hi Bobcan in a hat- I just want to see if he is the real deal. They just want to talk about getting him out and never back up with any fact of what he has done that is so bad. I think he should be in office when the Patient health care act comes into effect so he can tweek it. Madatory payment maybe too hard on some of the non-working and middle class families at this time. congress needs to be Demo for the next 4 years and we have to keep an eye on all of them. We have to take responibility for watching the politicians. (The slippery s*ckers)

      January 7, 2012 at 12:00 am | Report abuse |
  9. roadwarrior

    what have any of these gov programs done to help anyone the epa is a joke just name one thing they have done name one thing anyone one of them has done yo people cant even name one positive thing obama has done all the media does is lie for him and you fools believe everything they tell you you should all get together and stand in a corner and sing comb ba ya

    January 6, 2012 at 12:51 pm | Report abuse |
    • Hugh Jass©

      I'm with roadwarrior! Let's all move back to Love Canal and start using DDT again!

      January 6, 2012 at 1:18 pm | Report abuse |
    • Emperor Norton

      The EPA is responsible for conducting multiple tests that ensure clean air and water. Since its establishment by Nixon, it's worked to take drugs and chemicals off the market that had unforeseen side effects, such as DDT and Thalidomide. Its suggested reforms have also led to cleaner air in our cities; compare mid-1980s Los Angeles to modern Los Angeles for a good example. The only reason to be against it is if you've got a weird idea of what it is that the agency actually does.

      January 6, 2012 at 2:03 pm | Report abuse |
  10. bobcat (in a hat)©

    @ roadwarrior

    There are none so blind, as those who refuse to see.
    Sounds like that fits you well.

    January 6, 2012 at 1:05 pm | Report abuse |
  11. chrissy

    lol amen bobcat! And this joker probably believes GW was the greatist thing since sliced bread! One thing OBAMA did was get rid of Bin Laden, dummy! And if we didnt have the romper room mentality in CONGRESS he could have accomplished alot more!

    January 6, 2012 at 1:17 pm | Report abuse |
  12. ¤.¤

    roadwarrior=hamsta=gung ho

    January 6, 2012 at 1:21 pm | Report abuse |
  13. roadwarrior

    your the one thats blind and u didnt answer my question because u cant i dont have time for anymore of our foolish comments we will see what all of you have to say at election time no intell life here

    January 6, 2012 at 1:21 pm | Report abuse |
  14. chrissy

    Oh and btw he still will, cuz most likely he will have 4 more years to do just that! Americans are getting pretty fed up with the way CON-gress is acting the exact opposite of PRO-gress! Hopefully i worded that in a way you can understand roadwarrior!

    January 6, 2012 at 1:24 pm | Report abuse |
  15. banasy©

    Insult -n- run.

    January 6, 2012 at 1:30 pm | Report abuse |
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