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First Word: Senators reach agreement to avert filibuster fight

After a long partisan fight, Senate Democrats and Republicans struck a deal to avert filibuster changes and confirmed Richard Cordray as the head of
President Barack Obama stands next to the new Director of the Consumer Financial Protection Bureau Richard Cordray at the White House, July 17, 2013. (Photo by Larry Downing/Reuters)
President Barack Obama stands next to the new Director of the Consumer Financial Protection Bureau Richard Cordray at the White House, July 17, 2013.

After a long partisan fight, Senate Democrats and Republicans struck a deal to avert filibuster changes and confirmed Richard Cordray as the head of the Consumer Financial Protection Bureau. President Obama praised Cordray's work during his recess appointment. "Thanks to the hard work of folks at the CFPB, so far 6 million Americans have gotten more than $400 million in refunds from companies that engaged in unscrupulous practices."

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