Committee Republicans have opposed Raskin on the grounds that she has been an outspoken supporter of having the Fed consider the threat to climate change in its regulation of banks
Sen. Joe Manchin, a West Virginia Democrat, said Monday that he opposes the nomination of Sarah Bloom Raskin
Committee Republicans led by Pennsylvania Sen. Pat Toomey, have opposed Raskin on the grounds that she has been an outspoken supporter of having the Fed consider the threat to climate change in its regulation of banks. President Biden has nominated Raskin to serve as the Fed’s vice chair for supervision, a top financial regulatory post.
The White House will keep working with Ohio Democratic Sen. Sherrod Brown, the chairman of the Senate Banking Committee, “to garner bipartisan support,” Psaki said.
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Biden's Fed nominee Raskin imperiled by Democrat's oppositionWASHINGTON (Reuters) -Sarah Bloom Raskin's nomination to become the top bank regulator at the Federal Reserve, already stalled by Republicans, was dealt a heavy blow on Monday after she lost the backing of a senator from President Joe Biden's Democratic Party. Raskin's 'previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation's critical energy needs,' Senator Joe Manchin, a conservative Democrat from West Virginia, said in a statement. With Manchin casting a thumbs down on her nomination, Raskin would need to win over at least one Republican in the evenly divided U.S. Senate to have a hope of being confirmed.
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Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed PostDemocratic Sen. Joe Manchin, of West Virginia, said in a statement that he could not support the nomination of Sarah Bloom Raskin to become the Federal Reserve’s top banking regulator, dealing a major blow to her consideration in the evenly divided Senate
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Sen. Manchin says he can't support Biden's Fed nominee Sarah Bloom RaskinJoe Manchin says he can't support Biden's Fed nominee Sarah Bloom Raskin, throwing her confirmation into doubt.
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Manchin opposes Biden Fed nominee RaskinSen. Joe Manchin will oppose Sarah Bloom Raskin’s nomination to the Federal Reserve Board, imperiling her already stalled bid to win confirmation
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