Elizabeth Warren named as ‘special adviser’

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BRIAN WILLIAMS, anchor: White House will not nominate consumer advocate and Wall Street critic Elizabeth Warren to head the new consumer protection agency that was created by that big financial reform bill. Instead, Warren , who's a former Harvard professor, will be given a job at the Treasury Department , where she will help launch the new agency. Consumer groups, labor unions have been calling for her to head the new agency, but opposition from Wall Street led some congressional Democrats to say she could not get confirmed by the Senate .

Elizabeth Warren named as ‘special adviser’

The White House will not nominate consumer advocate and Wall Street critic Elizabeth Warren to head the new Consumer Protection Agency created by the financial reform bill. NBC’s Brian Williams reports.

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This content comes from a Full-Text Transcript of the program.