Saule Omarova, President Biden's pick to run a top bank regulator, is facing Democratic resistance in the Senate
President Joe Biden's pick to run one of Washington's most important banking industry regulators looks like she might not have enough support for confirmation in the Senate.
Any Democratic defection, or an indication of such, could force Senate leadership to scrap the nomination before putting Omarova up to a vote. Others surrounding the OCC nomination process said a handful of moderate Democrats harbor reservations about Omarova and her aspirations to "end banking as we know it," as she suggested inThose people cautioned that skeptical senators likely haven't made a final decision yet, but are leaning against her candidacy.
Tester, a moderate member of the Senate Banking Committee, would also vote on whether to recommend Omarova to the broader chamber. A representative for Sen. Mark Warner, another moderate on the Banking Committee, said the Virginia Democrat has not yet made a decision on whether to support Omarova.
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