President Joe Biden’s nominee for the office of the Comptroller of the Currency, Saule Omarova, withdrew her nomination on Tuesday after opposition from lawmakers in both parties.
The Cornell law professor faced concerns from Republicans and Democrats over her radical financial views and Communist past.
Saule Omarova, a Cornell Law professor whom President Biden picked for a key banking regulator job, is withdrawing from consideration for the post. Bank lobbyists and Republicans painted her as a communist because she was born in the Soviet Union. https://t.co/90ShBjM5WX
— The New York Times (@nytimes) December 7, 2021
“Saule Omarova is an unqualified Marxist who wants energy companies to ‘starve,'” Arkansas Republican Sen. Tom Cotton tweeted.
“Her defeat is a loss for Joe Biden but a win for the American people,” he added.
Saule Omarova is an unqualified Marxist who wants energy companies to “starve.”
Her defeat is a loss for Joe Biden but a win for the American people.
— Tom Cotton (@TomCottonAR) December 7, 2021
Utah Republican Sen. Mike Lee added, “Saule Omarova was a radical nominee who should have never been selected.”
Saule Omarova was a radical nominee who should have never been selected.
Her desire to ‘end banking as we know it’ would have been disastrous for Utah and the nation. The American people can rest easier knowing she will never impose her dangerous agenda on our economy.
— Mike Lee (@SenMikeLee) December 7, 2021
The battle over Omarova is over, but it is unclear who Biden will recommend next to lead the nation’s banks.