Obama Demands the PPA on his Desk Before He Signs Current Bill

President Barack Obama is nowhere to be found in the midst of the President’s needed approval of the Resolution Authority for Systematically Significant Financial Companies Act of 2009.

Obama released an official statement: "I am saddened by the deadlock on the Senate floor...Before I enact any more legislation The Resolution Authority must be next to the PPA on my desk."

Senator Grassley (R-IA) "Condemns the administration for abandoning his commitment to the American people" by turning to party politics.

Obama Surprised, Not Distressed

President Barack Obama just held a press conference regarding tonight's change in leadership. He says, "I am surprised but not distressed."

While Obama was declining questions from the press, he was meeting with Senator Charles Schumer (D-NY). Obama says that the meeting confirmed his confidence in Schumer's ability to advance the agenda of the democratic party.

Obama thanked Senator Harry Reid (D-NV) for his time and service but seems ready to work with Schumer in tomorrow's floor session.

Executive Remains Silent on Schumer Appointment

Over an hour after Senator Charles Schumer (D-NY) became Senate Majority Leader, President Barack Obama still declines to comment on the unprecedented event.

One might expect Obama to use his leadership to guide this change and/or preemptively comment but his silence may suggest some kind of dissonance between the executive and legislative branch.

Senator Max Baucus (D-MT) alluded to this change as a critical component in passing financial legislation in tomorrow’s hearings. Under current leadership Democrats have faced significant Republican backlash and yet another walk-out in today’s hearings. Schumer may help promote bipartisanship. Minority Leader McConnell (R-KY) says this move is “A refreshing change for Democratic leadership.”

Although Obama and his executive team remain silent on this specific topic they have promised to give the Claremont Beat profiles in the near future.