Senate banking panel Democrats seek action on Obama nominees(Reuters) - Senate Banking Committee Democrats on Monday asked the panel’s Republican chairman in a letter to “clear the backlog” of 16 nominations by President Barack Obama to posts related to financial oversight, national security and other areas. The committee, led by Republican Senator Richard Shelby, has “failed to carry out one of its basic duties” for more than a year, the 10 Democratic banking committee senators wrote in the Feb. 22 letter. It is the only Senate committee that did not act on any nominees last year, the Democrats wrote. Of the 16 nominations pending before the committee, four have been waiting for action for more than a year while others have been “in limbo” for more than nine months, the Democratic senators wrote. Shelby must “stop obstructing” the nominations, they wrote in a separate statement. All 10 Democrats on the committee signed the letter, including Senators Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, and Charles Schumer of New York.  A spokeswoman for Shelby did not immediately respond to a request for comment. Shelby has said he is concerned that Obama has not nominated anyone as the U.S. Federal Reserve’s vice chair for supervision, a post created by the Dodd Frank financial reform law, but which has never been filled. “We are aware of your concern that the Administration has not nominated anyone to serve as Vice Chair for Supervision at the Federal Reserve, but the response to one vacancy should not be the creation of 16 more,” the Democratic banking committee senators wrote. It was unclear why President Obama has not appointed a nominee for the Fed post. A White House spokesperson was not immediately available for comment. The Senate Banking Committee backlog includes Lisa Fairfax and Hester Peirce, Obama’s two nominees to the Securities and Exchange Commission and Adam Szubin, nominated as the Treasury Department’s under secretary for terrorism and financial crimes. politicsNews
senate banking panel democrats seek action obama nominees reuters senate banking committee democrats monday asked panel republican chairman letter clear backlog nominations president barack obama posts related financial oversight national security areas the committee led republican senator richard shell failed carry one basic duties year democratic banking committee senators wrote letter it senate committee act nominees last year democrats wrote of nominations pending committee four waiting action year others limbo nine months democratic senators wrote shell must stop obstructing nominations wrote separate statement all democrats committee signed letter including senators sherdog brown ohio elizabeth warren massachusetts charles scheme new york a spokeswoman shell immediately respond request comment shell said concerned obama nominated anyone federal reserve vice chair supervision post created odd frank financial reform law never filled we aware concern administration nominated anyone serve vice chair supervision federal reserve response one vacancy creation democratic banking committee senators wrote it unclear president obama appointed nominee fed post a white house spokesperson immediately available comment the senate banking committee backlog includes lisa fairfax ester pierce obama two nominees securities exchange commission adam subid nominated treasury department secretary terrorism financial crimes politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Senate banking panel Democrats seek action on Obama nominees(Reuters) - Senate Banking Committee Democrats on Monday asked the panel’s Republican chairman in a letter to “clear the backlog” of 16 nominations by President Barack Obama to posts related to financial oversight, national security and other areas. The committee, led by Republican Senator Richard Shelby, has “failed to carry out one of its basic duties” for more than a year, the 10 Democratic banking committee senators wrote in the Feb. 22 letter. It is the only Senate committee that did not act on any nominees last year, the Democrats wrote. Of the 16 nominations pending before the committee, four have been waiting for action for more than a year while others have been “in limbo” for more than nine months, the Democratic senators wrote. Shelby must “stop obstructing” the nominations, they wrote in a separate statement. All 10 Democrats on the committee signed the letter, including Senators Sherrod Brown of Ohio, Elizabeth Warren of Massachusetts, and Charles Schumer of New York.  A spokeswoman for Shelby did not immediately respond to a request for comment. Shelby has said he is concerned that Obama has not nominated anyone as the U.S. Federal Reserve’s vice chair for supervision, a post created by the Dodd Frank financial reform law, but which has never been filled. “We are aware of your concern that the Administration has not nominated anyone to serve as Vice Chair for Supervision at the Federal Reserve, but the response to one vacancy should not be the creation of 16 more,” the Democratic banking committee senators wrote. It was unclear why President Obama has not appointed a nominee for the Fed post. A White House spokesperson was not immediately available for comment. The Senate Banking Committee backlog includes Lisa Fairfax and Hester Peirce, Obama’s two nominees to the Securities and Exchange Commission and Adam Szubin, nominated as the Treasury Department’s under secretary for terrorism and financial crimes. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: senate banking panel democrats seek action obama nominees reuters senate banking committee democrats monday asked panel republican chairman letter clear backlog nominations president barack obama posts related financial oversight national security areas the committee led republican senator richard shell failed carry one basic duties year democratic banking committee senators wrote letter it senate committee act nominees last year democrats wrote of nominations pending committee four waiting action year others limbo nine months democratic senators wrote shell must stop obstructing nominations wrote separate statement all democrats committee signed letter including senators sherdog brown ohio elizabeth warren massachusetts charles scheme new york a spokeswoman shell immediately respond request comment shell said concerned obama nominated anyone federal reserve vice chair supervision post created odd frank financial reform law never filled we aware concern administration nominated anyone serve vice chair supervision federal reserve response one vacancy creation democratic banking committee senators wrote it unclear president obama appointed nominee fed post a white house spokesperson immediately available comment the senate banking committee backlog includes lisa fairfax ester pierce obama two nominees securities exchange commission adam subid nominated treasury department secretary terrorism financial crimes politicsnews