Senate GOP blocks Obama pick for housing agency

Associated Press
FILE - In this May 1, 2013, file photo, President Barack Obama's nominee for the Federal Housing Finance Authority director Rep. Mel Watt, D-N.C., waves during the announcement of his nomination in the State Dining Room of the White House in Washington. Democrats are struggling to halt a Republican blockade against Obama’s pick of Watt and of Patricia Millett for the U.S. Court of Appeals for the District of Columbia. (AP Photo/Jacquelyn Martin, File)
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FILE - In this May 1, 2013, file photo, President Barack Obama's nominee for the Federal Housing Finance Authority director Rep. Mel Watt, D-N.C., waves during the announcement of his nomination in the State Dining Room of the White House in Washington. Democrats are struggling to halt a Republican blockade against Obama’s pick of Watt and of Patricia Millett for the U.S. Court of Appeals for the District of Columbia. (AP Photo/Jacquelyn Martin, File)

WASHINGTON (AP) — Senate Republicans have blocked President Barack Obama's nominee to head the federal agency that oversees Fannie Mae and Freddie Mac.

The Senate voted Thursday 56-42 for Congressman Melvin Watt's nomination. But that was 4 short of the 60 votes needed to end GOP delaying tactics.

Watt is a North Carolina Democrat whom Obama picked to head the Federal Housing Finance Agency as the wounded housing industry has begun to recover. Democrats said Watt's 21 years in the House, on the Financial Services Committee, gave him expertise needed for the job.

Republicans say Watt is too political, while conservative groups have attacked his support for government involvement in the housing industry.

Fannie Mae and Freddie Mac are the giant government-owned mortgage lenders that own or back half of U.S. mortgages.

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