Senate Majority Leader Harry Reid (D-NV) has promised a vote on Richard Cordray’s nomination next week. Based on the chest pounding, it seems like a foregone conclusion that the Republicans will block this nomination unless the Democrats agree to change the CFPB’s structure and weaken its power. Cordray’s nomination was approved by the Senate Banking Committee along party lines (12-10). In February, 43 Senators, a group large enough to block Cordray’s nomination, sent President Obama a letter stating that they will continue to oppose confirmation of any nominee to lead the U.S. Consumer Financial Protection Bureau until “key changes are made to ensure accountability and transparency at the bureau.” When asked whether he would use the “nuclear option” and change the Senate rules to override the 60 votes necessary to stop a filibuster, Reid explained that he is “not going to do anything now, precipitously. But I’m looking at this very closely…. We’re going to fill that job. Cordray is there now. He’s going to get a vote.”