12/7/2021, 10:27 PM (Source: TeleTrader)
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Omarova withdraws comptroller of the currency nomination

Saule Omarova, United States President Joe Biden's pick for the next comptroller of the currency, withdrew her nomination on Tuesday.

The move comes after reports emerged that at least five Democratic senators would vote against her confirmation. Earlier, Republican lawmakers accused her of being a "communist" citing her Soviet upbringing.

Biden called the attacks on his nominee "inappropriate" and insisted he nominated her because of her "deep expertise in financial regulation and her long-standing, respected career in the private sector, the public sector, and as a leading academic in the field."

Baha Breaking the News (BBN) / NP