As seen on Huffington Post By Douwe Miedema Reuters | Posted: 11/14/2012 7:15 pm EST Updated: 11/15/2012 8:37 am EST
LONDON, Nov 14 (Reuters) - Two Republican senators said on Wednesday they would block the confirmation of the head of a new U.S. regulatory office because they are unhappy about the way Treasury Secretary Timothy Geithner has handled the Libor rate-rigging scandal.
Republican Senators Charles Grassley and Mark Kirk said they would hold up a vote to confirm Richard Berner, a former Morgan Stanley economist who was appointed by President Barack Obama late last year to head the Office of Financial Research.
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