- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
- Is music finally reckoning with #MeToo?
- Fans hail Trump's 'guts' as he returns to site of rally shooting
Biden Fed nominee Sarah Bloom Raskin withdraws: source
US President Joe Biden's nominee for the role of the top Federal Reserve banking cop Sarah Bloom Raskin said Tuesday she was withdrawing her name from consideration, a source familiar with the matter told AFP.
Raskin had previously won bipartisan approval for senior roles at the Fed and Treasury, but now faces opposition from Republicans as well as a key Democratic lawmaker over her stance on climate change.
Disagreements over Raskin's nomination had led the Republican opposition in the Senate to boycott a committee vote on her post and four other top Fed positions, stalling their progress towards approval in Congress' upper house.
In a letter published by The New Yorker, Raskin cited the boycott as a factor in her decision to drop out.
"There is hard and urgent work ahead for the Federal Reserve," she wrote.
"If I step away from this confirmation process, there can be no excuse left for a continued boycott of the Constitution's 'advice and consent' process and the Senate's corresponding refusal to attend to our nation's real economic needs. With a heavy heart, I therefore hereby withdraw my candidacy."
The Biden administration's hopes to end the blockade were badly damaged Monday when Senator Joe Manchin, a centrist Democrat in the chamber where the party has a one-vote majority, cited statements by Raskin he said were hostile to the oil industry and said he would not support her candidacy.
With the United States experiencing a rise in consumer prices at a pace not experienced for four decades, the Fed is poised to begin lifting interest rates from zero this year, with the first increase expected at the conclusion of its policy meeting on Wednesday.
Biden had nominated Raskin in January to the role of vice chair for supervision, which oversees the nation's banks, and also tapped Lisa Cook and Philip Jefferson to fill two other open positions on the seven-person Fed board.
The Senate Banking Committee was considering their candidacies along with those of Fed Chair Jerome Powell, whom Biden nominated to a second term as leader of the central bank, and Lael Brainard, whom the president named as Powell's deputy.
Powell is a Republican, but Brainard and Raskin belong to the Democratic party. Biden has pledged to increase diversity at the central bank, and Jefferson is African American while Cook would be the first Black woman on its board.
A.Santos--PC