Democratic 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
WASHINGTON—Sarah Bloom Raskin, President Biden’s pick to become the Federal Reserve’s top banking regulator, suffered a major blow on Monday when a key Democrat expressed opposition to her nomination, citing her views on addressing climate change.
Sen. Joe Manchin of West Virginia said in a statement that he couldn’t support Ms. Raskin’s nomination to become the Fed’s vice chairwoman of banking supervision, imperiling her confirmation chances in the evenly divided Senate.
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