‘Professor or comrade?’ GOP senators slam Biden pick for top Treasury post
Banking And Finance,US Senate,Economic Policy,Treasury,Biden Administration
President Biden’s Soviet-born choice to lead a key branch of the Treasury Department was grilled during a confirmation hearing Thursday, with one Republican member of the Senate Banking committee saying he had “never seen a more radical nominee to be a federal regulator.”
Saule Omarova, nominated by Biden to be comptroller of the currency in September, has come under fire for past statements — most notably in a paper titled “The People’s Ledger” that advocated for ending banking “as we know it” by making private banks “non-depository lenders” and moving Americans’ money to the Federal Reserve.
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