WASHINGTON — Senate Majority Leader Harry Reid has started the process to end debate on Rep. Mel Watt, D-N.C., President Obama's nominee to head the Federal Housing Finance Agency.

Obama named Watt in May to succeed acting director Edward DeMarco, who has led the agency since 2009. The nomination languished over the summer, after some Republicans signaled their lack of support for Watt, citing concerns that the position should be filled by a technocrat with industry experience instead of a politician. Watt has served in the House since 1993, and is a senior member on the House Financial Services Committee.

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