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- Republican Senator Toomey: Senate shouldn't proceed with vote on Fed nominee Raskin
Republican Senator Toomey: Senate shouldn't proceed with vote on Fed nominee Raskin
Republican Senator Pat Toomey said on Tuesday that the Senate Banking Committee should not proceed with a vote on Fed nominee Sarah Bloom Raskin unless she answers questions on her role as a director of Reserve Trust. Reserve Trust is a fintech company that obtained a Fed master account while Raskin was serving as a board member. "We've asked basic questions and she's refused to provide answers" he said. Toomey will instruct Republican voters to sit out a vote on Tuesday, denying the Democrats of the quorum needed to move forward with a vote on Raskin's nomination. Toomey added that if Senate Banking Committee Chair Sherrod Brown proceeds on a vote on the other Fed nominees without Raskin, the Republicans will attend and vote.
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