Senate Committee Approves Nominees

The Senate Banking Committee approved the nomination of four Obama administration appointments Thursday including one for the Treasury Department and another for the Department of Housing and Urban Development.

The nominations still must be approved by the full Senate.

Among those approved by the committee was Michael Barr for Treasury assistant secretary for financial institutions. Barr was a Treasury official in the Clinton administration and has held several government and academic posts. He was an early advocate for the George W. Bush administration to improve its foreclosure mitigation efforts and adopt streamlined loan modifications.

The committee also approved the nomination of Sandra Henriquez for assistant secretary for public and Indian housing at HUD.

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