WASHINGTON, Dec 8 — Saule Omarova has withdrawn her nomination to lead a top banking regulator, the White House announced Tuesday, after facing opposition from Republicans and some moderate Democrats.
Omarova, a Cornell Law School professor who grew up in what was then part of the Soviet Union, defended herself in a confrontational November nomination hearing. Omarova’s nomination proved a heavy lift at a time when the Biden administration needs to rally the support of all Democrats to ensure passage of its US$1.75 trillion social and climate spending measure. At least 10 Democratic senators had expressed reservations, which would have made approval of Omarova virtually impossible, according to a congressional aide.
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