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08.11 - 11:23
Biden's pick to run a key bank regulator runs into Democratic resistance in the Senate
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cnbc.comPresident Joe Biden's pick to run one of Washington's most important banking industry regulators might not have enough support for confirmation in the Senate.
Senate Democrats are fractured over whether to support Saule Omarova, Biden's indicated choice to lead the Office of the Comptroller of the Currency, jeopardizing her candidacy.
Any Democratic defection, or an indication of such, could force Senate leadership to scrap the nomination before putting Omarova up to a vote.
Her selection, coupled with her views on how to overhaul the U.S. banking system, prompted several Senate Democrats or their staff to complain to the White House and suggest that the president's choice will be tough to support on Capitol Hill, according to a person
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