Biden’s Currency Pick Withdraws
President Biden’s pick to become one of the Treasury’s top bank regulators has withdrawn her name from consideration after strong pushback against her “radical” views on economics and climate change.
In a letter Tuesday to Mr. Biden, Saule Omarova said her nomination was “no longer tenable” after a contentious Senate hearing that focused on her academic writings that advocated anti-capitalist views and, according to Democrats, her Soviet birth.
Ms. Omarova‘s chance of confirmation in the evenly split Senate was doomed as both Democrats and Republicans pulled their support.
“It was a great honor and a true privilege to be nominated by President Biden to lead the Office of the Comptroller of the Currency overseeing the U.S. national banking system,” she said in the letter.
The president Tuesday afternoon officially withdrew Ms. Omarova’s nomination to the Senate.
(Excerpt from The Washington Times.)
What do you think of this development? Share in the comments.
Partner with Us
Intercessors for America is the trusted resource for millions of people across the United States committed to praying for our nation.
If you have benefited from IFA’s resources and community, please consider joining us as a monthly support partner. As a 501(c)3 organization, it’s through your support that all this possible.
Thanks for Praying!