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Reuters
Biden’s Fed nominee Raskin imperiled by Democrat’s opposition
WASHINGTON (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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