Published

Sarah Bloom Raskin withdraws her candidacy for Federal Reserve board

Summary by Ground News
West Virginia Sen. Joe Manchin announced Monday that he opposed Raskin's confirmation. All Republicans in the evenly-split 50-50 Senate had indicated they planned to block her for the position of the Fed's top banking regulator. Republicans have argued that she would discourage banks from lending to oil and gas companies. Democrats, as well as many banking executives, countered that her views aren't out of the mainstream.
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