Manchin says Dems should take GOP deal on Fed nominees, dampening Raskin’s hopes

Manchin says Dems should take GOP deal on Fed nominees, dampening Raskin’s hopes

West Virginia Joe Manchin, the most conservative Democrat in the Senate, is complicating President plan to get a former federal regulator and climate policy advocate on to the Federal Reserve board. Senate Republicans are holding up a slate of five Fed nominees the White House has asked to clear altogether over Sarah Bloom Raskin's nomination. For weeks, Republicans have said they need more time to question Raskin, a former Fed governor and deputy Treasury secretary. But they have offered to immediately clear the other four. Now, after a weekslong standoff, Manchin is saying his party should consider the Republican offer, enough to make Democrats nervous in a an evenly split chamber where they can't afford to lose one vote. "If they're willing to move four out of five? Take it and run with it. It's a win," Sen. said "I'll take a win any time I get it." His comments, first reported by Politico and confirmed by CNBC, agitate an ongoing political battle led by Senate Banking Committee Chairman , D-Ohio, and his Republican counterpart, Sen. of Pennsylvania. The two have clashed since early February over Biden's choice of Raskin to serve as the Fed's vice chair for supervision, one