Sarah Bloom Raskin of Maryland withdrew her nomination to the Federal Reserve Board on Tuesday, the day after a key coal-state Democrat announced he would vote against her due to her views on climate change.
Raskin’s path ahead was all but doomed after Republicans on the Senate Banking Committee boycotted her confirmation vote and Sen. Joe Manchin III said he opposed her.
President Biden's nominee appeared to lack the votes in the Senate after Sen. Joe Manchin came out in opposition, citing issues regarding 'energy policy.'
Raskin was nominated for a Fed position by President Joe Biden, but she has faced pushback from Republicans over her statements on climate change and policy.
Sarah Bloom Raskin, President Biden's embattled pick for the Federal Reserve's top banking regulator, withdrew her nomination on Tuesday, according to a source familiar with the matter, after Republicans and one key Democrat opposed her nomination.
Sen. Joe Manchin (D-W.Va.) criticized Raskin’s views on climate and joined Republicans to oppose her confirmation to the Federal Reserve’s top bank regulatory role.
Sarah Bloom Raskin has been stuck in the Senate Banking Committee amid a GOP boycott of a committee vote on her nomination, effectively blocking her confirmation from advancing to the Senate floor.
Sarah Bloom Raskin, President Biden’s pick for the Federal Reserve Board, withdrew her candidacy on Tuesday, according to reports, after opposition from Republicans and one Democrat over her positions on energy and climate change.
Sarah Bloom Raskin did not appear to have the votes for Senate confirmation as Fed vice chair for supervision after a key Democrat withheld his support.
Sarah Bloom Raskin, who President Biden nominated to serve as Federal Reserve vice chair of supervision, withdrew from consideration Tuesday after three moderate senators effectively blocked her path to confirmation
Biden's pick to be the Fed's top bank regulator has withdrawn her nomination. She attracted Republican opposition after calling on bank regulators to monitor the financial risks from climate change.
Sarah Bloom Raskin has withdrawn her name from consideration to the Federal Reserve Board on Tuesday after a stalemate in the Senate over her nomination. Fed policymakers are expected to raise interest rates this week, for the first time in three years.
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Embattled Federal Reserve pick Raskin withdraws nomination | Since Then
