Controversy over head of new US consumer watchdog


President Obama's often fraught relationship with the financial world will be tested again later.

He is set to give a key position to one of Wall Street's most outspoken critics - Harvard Law Professor Elizabeth Warren.

She will be tasked with setting up America's new consumer financial watchdog - a major pillar of US financial reform legislation.

Mr Obama had hoped to appoint Ms Warren as head of the agency.

But opposition from Wall Street, and the Republican party, is making that almost impossible, as Juliana Liu reports.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.