
Biden's plan to reshape the Fed just hit a hurdle
CNN
President Joe Biden planned to reshape the Federal Reserve through his nominations. But Senator Joe Manchin threw a wrench into those plans Monday.
The crux of the matter is the nomination of Sarah Bloom Raskin, a former deputy Treasury secretary and a governor of the Federal Reserve Board during the Obama administration, who is facing opposition in a divided Senate.
Raskin's stance on environmental issues, including her view on the transition away from fossil fuels, are colliding with soaring gas prices and a renewed debate about oil independence in the face of the Russia-Ukraine conflict.

President Donald Trump issued a stark threat to defense contracting companies on Wednesday, saying he would seek to limit stock buybacks and executive salaries unless they improve their delivery of weapons systems to the US military hours before saying he’d decided to substantially increase the defense budget.












