sarah bloom raskin
Raskin was confirmed twice before by the Senate via unanimous support, but that didn't matter to Republican senators who lined up against her nomination.
The conservative Democrat said Raskin "failed to satisfactorily address my concerns," likely dooming her bid to serve on the Federal Reserve Board.
Sarah Bloom Raskin's view that climate change poses major financial risks is widely shared. Except among some of the oil industry's top Republican donees.
Pat Toomey, the top Republican on the banking committee, has been especially critical of Sarah Bloom Raskin and her stance on climate change.
WHAT'S HAPPENING
Biden's picks include Sarah Bloom Raskin, for the top regulatory slot, and Lisa Cook, who would be the first Black woman to serve on the Fed’s board.
Warming-fueled disasters and risky fossil fuel bets pose huge threats to the financial system.