President Biden's Fed Nomination In Peril As Manchin Opposes Pick

The video discusses the challenges faced by Sarah Bloom Raskin's nomination to the Federal Reserve Board due to opposition from Senator Joe Manchin. Manchin's stance is crucial given the Senate's 50-50 split, and he opposes Raskin's nomination due to concerns about politicization and energy policy. Despite Raskin's strong qualifications, including her past roles at the Fed and Treasury, the White House faces an uphill battle to secure her confirmation, needing bipartisan support amidst Republican boycotts.

What is the significance of bipartisan support in Raskin's nomination?

What challenges does Raskin face in the Senate confirmation process?