Controversial Biden Banking Nominee Faces Skepticism from Centrist Democrats

  • Key Democratic lawmakers expressed concern over President Joe Biden’s nominee for a key banking position during a confirmation hearing Thursday, indicating that confirmation will be difficult.
  • Sen. Jon Tester, a must-have vote for Democrats, said during a Banking Committee hearing for comptroller of the currency nominee Saule Omarova that he has worries about her views.
  • The Montana Democrat said he has “some significant concerns about positions” Omarova has taken as a witness before the committee in the past related to financial system bank regulation and on legislation related to the Office of the Comptroller of the Currency.