聽We didn’t get the chance to compare the folksy style of Elizabeth Warren with the more cerebral style of Treasury Secretary Tim Geithner when her appointment was confirmed by the president on the Rose Garden lawn today.Warren, a janitor鈥檚 daughter whose grandmother drove a wagon in the Oklahoma land rush, has been asked to set up a powerful new consumer protection agency, reporting to both Geithner and President Barack Obama. How she will juggle her relationship with the two men is just one of the many questions facing Warren tonight. We are told she gets on fine with Geithner these days, although their relationship has been a little rocky in the past. Obama, by contrast, is effusive about his 鈥渄ear friend鈥?and was describing her writings as eloquent, passionate and forceful, even before the financial crisis hit.The bigger questions, perhaps, surround her legitimacy in a role that had sidestepped the usual Senate confirmation process and whether she can be effective without being excessively confrontational. Warren has already promised to be the 鈥渢ough cop鈥?on the beat and bring an end to financial 鈥渢ricks and traps.鈥?/p>The Chamber of Commerce called her appointment 鈥渁n affront to the pledge of transparency and consumer protection that鈥檚 purported to be the focus of this new agency.鈥?Portfolio manager Matt McCormick said it was a 鈥渢humb in the eye of people trying to address real issues.鈥澛?So get ready for a fight.One thing is for sure: Warren will be no walkover, no shrinking violet. But whether she can turn her determination to fight for consumers鈥?interests into votes for her 鈥渄ear friend鈥?is perhaps the biggest question of all.Here are our top stories from today鈥?/strong>聽Wall Street critic Warren named consumer financial czar President Barack Obama named Wall Street critic Elizabeth Warren as his new consumer financial czar, drawing praise from liberals and an outcry from Republican opponents and the financial industry. Warren,Louis vuitton topanky, a Harvard law professor and outspoken consumer advocate, will set up a powerful new consumer financial protection agency, a centerpiece of the sweeping regulatory overhaul Obama signed into law in July.For Jeff Mason and Alister Bull鈥檚 full story, click here.Analysis: Warren to wield clout in consumer jobFrom an exclusive perch close to the seat of power, Wall Street nemesis Elizabeth Warren will have plenty of autonomy as well as President Barack Obama’s ear. The Harvard law professor, whose grandmother drove a wagon in the Oklahoma land rush, is a folk hero for consumer groups and the bane of Wall Street. She will build from scratch a new government agency to crack down on abusive practices in financial products like mortgages and credit cards.For more of this story by Caren Bohan and Dave Clarke, here.For more on Warren and what Wall Street has against her, click here.For a Factbox on Warren, click here.November election will define Obama presidency聽The congressional election in November will define President Barack Obama’s next two years in office as Republicans look likely to pick up seats and put their stamp on issues ranging from the huge budget deficit to economic recovery and immigration. Reuters correspondents will interview an influential line-up of newsmakers at next week’s Reuters Washington Summit starting on Monday and they will take an in-depth look at the election and its implications for Obama.For Steve Holland鈥檚 full story, click here.Tea Party seen pressuring Congress on spending The rise of the conservative Tea Party movement will put pressure on the Congress to cut federal spending and the budget deficit if Republicans make strong gains in the November 2 congressional elections, a senior Republican said.聽 “It’s going to create an environment where — if we (Republicans) are given the opportunity to lead the Congress — we are going to have the ability to make the hard choices — to restore fiscal discipline, to pursue policies that will grow our economy,” said Mike Pence, head of the Republican Conference in the House of Representatives.For more of this story by Thomas Ferraro, read here.Palin tests 2012 presidential waters in Iowa聽Will Sarah Palin use her Tea Party power to launch a run for president in 2012? Nobody knows, but her trip to Iowa on Friday may provide some clues. Palin speaks at the Iowa Republican Party’s Ronald Reagan Dinner in Des Moines, her influence among Tea Party activists strong after conservative candidates she backed won in Delaware and New Hampshire Senate primary races on Tuesday.For more of this story by Steve Holland, read here.Consumer prices rise, but underlying trend flat聽Underlying inflation pressures were muted in August, keeping deflation fears alive, even though a rise in food and energy costs drove overall consumer prices higher. The core consumer price index was flat last month, the Labor Department said, defying financial market expectations of a 0.1 percent gain. The core CPI, which excludes food and energy prices, rose 0.1 percent in July.For more of this story by Lucia Mutikani,nike slovensko, read here.Agriculture Secretary, producers confident on ethanol hike Regulators are likely to approve a higher blend of ethanol in gasoline shortly, an ethanol producers group and the top agriculture official each said, and the new fuel mix could be selling at the pump by next spring. 聽Ethanol companies and corn traders are anxiously awaiting a decision from the Environmental Protection Agency — expected within weeks — for a waiver to allow cars built in 2007 and after to burn regular gasoline blended with ethanol levels of 15 percent, a fuel that would be known as E15.For more of this story by Timothy Gardner and Charles Abbott,nike free maratonki, read here.SEC votes to crack down on debt disclosureSecurities regulators voted unanimously to propose that companies disclose more about their debt after it was revealed some banks were “window dressing” loans as sales, masking the risk levels involved. The Securities and Exchange Commission is trying to crack down on financial companies that use accounting gimmicks to bolster balance sheets.For more of this story by Dave Clarke, read here.Clinton seeks Iran humanitarian gesture on hikersIran should free two remaining U.S. citizens held on suspicion of spying as a “significant humanitarian gesture” after releasing one this week on bail, Secretary of State Hillary Clinton said.For more of this story by Andrew Quinn, read here.House to vote on small-business bill next week聽The House of Representatives will vote on a package of loan incentives and tax breaks for small businesses next week, House Democratic Leader Steny Hoyer said.For more of this story by Andy Sullivan, read here.From elsewhere鈥?/strong>What crisis? NY Hamptons real estate market briskIn a market closely tied to the fortunes of Wall Street, affluent New Yorkers snapped up luxury houses in the Hamptons this summer at rates not seen since before the financial crisis of two years ago. Sales of homes in the Hamptons, a string of seaside towns on New York’s Long Island frequented by New York City’s elite, got a boost because participants have accepted the market’s “new normal,” and experts said that would yield more deals into next year.聽Photo credit: REUTERS/Kevin Lamarque (Geithner, Obama and Warren at the White House on Sept. 17)

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