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Richard Cordray
The Supreme Court shifts the balance of power in divided government
The Supreme Court shifts the balance of power in divided government

If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans. Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win confirmation for quite some time, if Republicans take and hold the Senate while Democrats occupy the White House. The Supreme Court's decision Thursday on recess appointments barred the president — correctly, in the view of The Times editorial board — from taking advantage of Congress' weekend breaks to usher appointees into office without the required Senate confirmation. According to the court, the president's recess appointment power can be...

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