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The Independent UK

National

Via AP news wire

Raskin pulls nomination to Fed Board over opposition to her concerns about climate crisis

US Federal Reserve Sarah Bloom Raskin Board of Governors

Copyright 2022 The Associated Press. All rights reserved.

Sarah Bloom Raskin has withdrawn her nomination to the Federal Reserve’s Board of Governors after a key Democrat joined with all Republicans in the Senate to oppose her confirmation, according to a person familiar with the matter who requested anonymity before an official announcement.

West Virginia Sen. Joe Manchin announced Monday that he opposed Raskin's confirmation, and 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.

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EU leaders to press Burnham to pay more towards Ukraine’s defence

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One subscription that gives you access to news from hundreds of sites

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