![]() Manchin for months over single-handedly killing the White House’s $1.75 trillion social welfare and climate change package. The congressman, who represents the Washington suburbs of Maryland, is a stalwart member of the far-left Congressional Progressive Caucus. Now more than ever, the United States must have policy leaders and economic experts who are focused on the most pressing issues facing the American people and. Raskin, who also served as deputy secretary of the Treasury under Mr. Senator Joe Manchin (D-WV) released the following statement on his decision to oppose the nomination of Sarah Bloom Raskin to the Federal Reserve Board. “I think that Senator Manchin said it well this morning that he did not believe there was a path forward for the nominee and I would agree with that,” she said. Collins told Bloomberg News late Monday that she won’t support the nominee. “We are working to line up the bipartisan support that she deserves, so that she can be confirmed by the Senate for this important position.”īut Ms. “She has earned widespread support in the face of an unprecedented, baseless campaign led by oil and gas companies that sought to tarnish her distinguished career,” said White House spokesperson Chris Meagher. Lisa Murkowski of Alaska and Susan Collins of Maine.Īdministration officials believe that either of the senators can be convinced to save the nomination, and are refusing to withdraw Mrs. MaSenator Joe Manchin III, a key centrist Democrat, announced on Monday that he would not support Sarah Bloom Raskin for a top position on the Federal Reserve, potentially. Sarah Bloom Raskin, President Joe Bidens choice for the top banking regulator at the Fed, already faced a steep uphill battle for confirmation. Without Manchin, Democrats have little chance of confirming Raskin to the central bank. The White House’s only hope for confirmation rests in the hands of Republican Sens. The GOP has already blocked Raskins nomination from moving out of committee deliberations. ![]() Manchin’s opposition likely prevents the nomination from moving forward. Since the Senate is split 50-50 between both parties, Mr. “Instead, the Federal Reserve Board must remain hyper-focused on ending the inflation taxes hurting working families and getting more workers off the sidelines and back into the economy.” “At this historic moment for both the United States and the world at large, it is imperative the Federal Reserve Board preserves its independence and steers clear of any hint of partisanship,” Mr. That situation changed, however, after inflation spiked to nearly 8% last month and Russia invaded Ukraine, scrambling the global energy market. Manchin, who chairs the Senate Energy and Natural Resources Committee, had for the most part remained quiet on the nomination. Joe Manchin, the most conservative Democrat in the Senate, said Monday that he opposes Sarah Bloom Raskin’s nomination to the Federal Reserve.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |