Joe Manchin says he can't support Biden's Fed nominee Sarah Bloom Raskin, throwing her confirmation into doubt.
What they're saying: "
Now more than ever, the United States must have policy leaders and economic experts who are focused on the most pressing issues facing the American people and our nation - specifically rising inflation and energy cost," Manchin said in a statement. "I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements. Her 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," he added.Manchin is reminding his party — and his president — that he's not done wielding his veto pen, per Axios' Hans Nichols.
First he took out Neera Tanden to lead the Office of Management and Budget, and then he killed the president's signature domestic agenda. Now he's forcing Biden back to the drawing board on how he's going to regulate big banks.Raskin had argued in the past that financial regulators should use their powers to try to constrain the flow of capital to the fossil fuel sector, attracting the ire of the oil and gas industries and their allies on Capitol Hill.
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