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Toomey Discussing Plan To Block Bloom Raskin Fed Vote

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Saleha Mohsin of Bloomberg has reported that ranking GOP Senate Banking Committee Member Pat Toomey (R-PA) is: 'discussing a protest to delay or block a committee vote on Sarah Bloom Raskin to the Fed board'.
  • The proposed plan would have GOP members sit out todays vote on sending the nominations to the Senate floor.
  • Republicans have accused Bloom Raskin of overstepping the purview of the central bank and using financial rules to legislate a climate change agenda.
  • Senator Jon Tester (D-MO), a key Democrat centrist on the Senate banking committee, has said that he will support Bloom Raskin’s nomination, and he expects her to be confirmed by the full Senate so this is likely a last report for Toomey.

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