Mexican Senate Fails to Confirm Hurtado

Mexico’s Senate has failed to confirm the nomination of Carlos Hurtado to the vacant seat on the board of directors of Banxico, Mexico’s Central Bank. Hurtado was nominated by President Felipe Calderón. Opposition lawmakers voted 68 to 45 to block the appointment because of Hurtado’s former position as deputy finance minister in charge of spending under Vicente Fox’s administration. The five-member Banxico board has had a vacant seat since the end of last year.