“Why would we not move forward, have a vote? Vote her down if they want, but put her up either way.” He accused Republicans of being “in thrall to the fossil fuel industry.” In an effort to hold up Raskin’s nomination, GOP senators refused to show up for a committee vote on the whole slate in February, which in an evenly divided Senate meant the panel lacked a quorum to hold a vote.īrown, a champion of Raskin’s nomination, said he still intends to put all five nominees up for a vote in committee.

2, while two other candidates - Lisa Cook and Philip Jefferson - would fill vacant seats. Fed board member Lael Brainard is waiting to be confirmed to a promotion as Powell’s No. Powell’s first term as chair expired in February, and he has been serving on an acting basis since then. However, Manchin’s opposition could also break the logjam on Biden’s four remaining Fed nominees at a critical time for the central bank, which is set to begin raising interest rates this week in a bid to fight surging inflation. The Fed board, meanwhile, has not had a point person on regulations since October, when Randal Quarles’ term as vice chair for supervision expired. Another bank cop pick, Saule Omarova, withdrew her nomination as comptroller of the currency in December after she failed to garner enough support from moderate Democrats. The move is also a further blow to the president’s efforts to fill key financial regulatory jobs. He also opposed Neera Tanden to be Biden’s budget chief, eventually sinking her nomination after she was unable to rally any Republican support. It’s not the first time that Manchin has offered game-changing opposition to one of Biden’s nominees. Sarah Bloom Raskin, a nominee to be the Federal Reserve's Board of Governors vice chair for supervision, speaks during the Senate Banking, Housing and Urban Affairs Committee confirmation hearing.

Pat Toomey of Pennsylvania expressed fear that she might pursue measures that would make it more expensive for banks to lend to oil companies. Raskin has been a proponent of putting a greater focus on the financial fallout of climate change, writing last September that regulators should “ask themselves how their existing instruments can be used to incentivize a rapid, orderly, and just transition away from high-emission and biodiversity-destroying investments.” Republicans such as Sen. “Not this Republican, and I’d be hard-pressed to offer up anyone else. “They won’t have me,” Murkowski told POLITICO’s E&E News on whether she would offer her support to the White House.

Lisa Murkowski (R-Alaska) also said Monday night she would not support Raskin’s nomination. She said because of unanswered questions about her record that “it’s pretty clear” she can’t be confirmed and does not support her. Her candidacy took another blow after Collins (R-Maine) told reporters she agreed with Manchin that “there is not a path forward” for the nominee and spoke to Raskin on the phone on Monday. We had a nice conversation,” Manchin told reporters later.

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