Joe Manchin won't back Biden's Fed nominee because of her stance on climate change

Sen. Joe Manchin (D-W.Va.) on Monday announced he will not be supporting President Biden's pick for the Federal Reserve vice chair of supervision — Sarah Bloom Raskin — due to her stance on climate change, The Hill reports.
Raskin is already contending with a GOP-led boycott of a committee vote on her nomination, "effectively blocking her confirmation from advancing to the Senate floor," Politico writes. Now, even if her nomination is able to eventually advance out of the committee, Raskin will need at least one Republican to vote for her. Unfortunately, the top Republican on the Senate Banking Committee — Pennsylvania's Pat Toomey — told Bloomberg he's currently "not aware" of any Republican support for Raskin, further dooming her chances.
In his opposition announcement, Manchin said Raskin has "failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation's critical energy needs."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board," he continued.
The lawmaker also flagged the Fed board as an instituion that should not "politicize its critical decisions," suggesting he believes Raskin would in fact do so.
"I will not support any future nominee that does not respect these critical priorities," he added.
In the immediate aftermath, the White House appeared poised to double down on Raskin's nomination, despite the Manchin-shaped cloud now hanging over the process.
Raskin, 60, "has written in the past in support of the Fed increasing its attention to financial risks from climate change, but said in her confirmation hearing the central bank had no place in mandating how capital should be allocated among industries," Bloomberg notes. Manchin represents the coal-rich state of West Virginia.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.
-
Blue Origin all-female flight: one giant leap back for womankind?
Talking Point 'Morally vacuous' celeb space crew embody defeat for feminism
By Richard Windsor, The Week UK
-
Rockliffe Hall's soothing sleep retreat
The Week Recommends From guided meditation to a calming massage, this spa break will have you nodding off in no time
By Irenie Forshaw, The Week UK
-
What is Free Speech?: a 'meticulous' look at the evolution of freedom of expression
The Week Recommends Fara Dabhoiwala provides both history and critique while 'correcting misconceptions'
By The Week UK
-
Biden slams Trump's Social Security cuts
Speed Read In his first major public address since leaving office, Biden criticized the Trump administration's 'damage' and 'destruction'
By Peter Weber, The Week US
-
El Salvador refuses to return US deportee
Speed Read President Nayib Bukele of El Salvador said he would not send back the unlawfully deported Kilmar Ábrego García
By Peter Weber, The Week US
-
Trump says electronics tariff break won't last
Speed Read The tariff exemptions on smartphones, laptops and other electronic devices are temporary, the administration says
By Peter Weber, The Week US
-
Man charged in arson attack on Pennsylvania's Shapiro
Speed Read Governor Josh Shapiro and his family were sleeping when someone set fire to his Harrisburg mansion
By Peter Weber, The Week US
-
White House pushes for oversight of Columbia University
Speed Read The Trump administration is considering placing the school under a consent decree
By Rafi Schwartz, The Week US
-
Supreme Court backs wrongly deported migrant
Speed Read The Trump administration must 'facilitate' the return of wrongfully deported migrant Kilmar Ábrego García from El Salvador, Supreme Court says
By Peter Weber, The Week US
-
Two judges bar war-powers deportations
Speed Read The Trump administration was blocked from using the Alien Enemies Act to deport more alleged Venezuelan gang members
By Peter Weber, The Week US
-
Trump pauses some tariffs but ramps up China tax
Speed Read The president suspended most 'reciprocal' tariffs for 90 days and raised his tariffs for China to 125%
By Rafi Schwartz, The Week US