Sarah Bloom Raskin’s nomination to become the top bank regulator at the Federal Reserve, already stalled by Republicans, was dealt a heavy blow on Monday after she lost the backing of a key senator from President Joe Biden’s party.
Raskin’s “previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” Senator Joe Manchin, a moderate Democrat from West Virginia, said in a statement.
