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Lawmakers bash FTC.

The Daily Deal

Byline: Jaret Seiberg in Washington

Deborah Majoras appears headed for confirmation as chairman of the Federal Trade Commission after surviving a barrage of criticism Wednesday, June 2, regarding the agency's handling of petroleum industry mergers.

Sen. Ron Wyden, D-Ore., set the tone early in the confirmation hearing when he ripped the FTC's approval of oil mergers during the Clinton and Bush administrations.

"The Federal Trade Commission has sat on its hands and ignored oil company mergers," Wyden said. "I intend to do everything I can as a member of the Senate to force a change at the top."

The criticism of the FTC's oversight of …

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