Sarah Bloom Raskin withdraws from consideration to Federal Reserve Board
(CNN)Sarah Bloom Raskin has withdrawn from consideration to be a nominee for the Federal Reserve Board of Governors, according to two sources familiar with the matter.
Raskin submitted her withdrawal in a letter to President Joe Biden.
The decision to withdraw comes after it became clear she would not have the votes to be confirmed by the US Senate.
Sen. Joe Manchin, a West Virginia Democrat, announced his opposition to the nomination on Monday, setting off a White House scramble to find Republican support in a 50-50 Senate.
None materialized, rendering her nomination all but dead, even as White House officials continued to support the selection.
Raskin’s withdrawal was first reported by the New Yorker.
This is a breaking story and will be updated.
Source: https://www.cnn.com/2022/03/15/business/sarah-bloom-raskin-withdraws/index.html
