Saule Omarova, President Biden's nominee for a top bank regulator post, withdraws her name from consideration after a fiery confirmation hearing in which Republican lawmakers suggested she had Communist ties.
"I don't know whether to call you professor or comrade," Kennedy said to Omarova during the hearing.
"She supports communist policies & a communist should not be our Comptroller of the Currency," he added. In her brief letter withdrawing from consideration, Omarova did not mention her confirmation hearing.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saule Omarova, Smeared As a Communist, Withdraws NominationSaule Omarova was smeared as a Communist by Republicans, but her nomination for comptroller of the currency was sunk by moderate Democrats who opposed her tough line on banks
Read more »
How Biden Is Reshaping The CourtsAlmost half of the 61 judges Pres. Biden has nominated to the lower courts have been confirmed—a larger share than former Presidents Trump or Obama. Perhaps even more significantly, Biden has delivered on his promise of diversity in a big way:
Read more »
Biden defends holiday shortage, cites historic toy spikesIn the final weeks of the 2021 holiday shopping season, President Biden has mounted a Cabbage Patch offensive — trying to diminish Americans' anxiety about pandemic shortages and price spikes by recalling past runs on toys.Driving the news: 'There are items every year that sell out, that are hard to find,' he said Wednesday at the White House.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free'Some of you moms and dads may remember Cabbage Patch K
Read more »
Biden tells Putin that U.S. will respond if Russia ramps up its military action against UkrainePresident Joe Biden delivered a warning to Vladimir Putin over a potential Russian invasion of Ukraine. Biden 'made clear that the U.S. and our Allies would respond with strong economic and other measures in the event of military escalation.'
Read more »
Biden Commission Takes 'No Position' On Expanding Supreme Court, Per ReportThe Supreme Court commission said in October there are “significant reasons to be skeptical that expansion would serve democratic values.”
Read more »