Friday, September 11, 2009

Obama Nominates New CFTC Chief

If the Commodity Futures Trading Commission gets jurisdiction over a cap and trade system for the U.S, it may operate under a new commissioner.

President Obama has nominated Senate staffer Scott O'Malia to serve as commissioner.

Former President Bush nominated O'Malia to the same post last year, but the nomination was blocked last year by Sen. Maria...

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