Before the episode recedes fully from the news, please read this item, by Jonathan Cohn on Thursday evening, about the extraordinary step the Senate Republicans took that day. Cohn says that the Republican minority's success in blocking a vote on Richard Cordray's nomination to head the Consumer Financial Protection Bureau amounts to "nullification," quoting Thomas Mann of Brookings to the same effect. They are right. [As is David Weigel in Slate.]
Read on for the background, which is terrifying if you stop to think about it. If you don't have time, just take a look at this: Read more 
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