Cornell Law Professor Saule Omarova withdrew her nomination for comptroller of the currency following Senate Republicans voicing concerns about her Marxist ties.
In Omarova's withdrawal letter posted Tuesday by the White House, she wrote that while it was an honor to be nominated by President Joe Biden, "it is no longer tenable" for her to continue as a nominee and ultimately lead the agency in charge of regulating American banks.
Biden responded that he accepts Omarova's withdrawal, and says she "was subjected to inappropriate personal attacks that were far beyond the pale."
Biden described his former nominee as "a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system" who would have "brought invaluable insight and perspective to our important work on behalf of the American people."
Republicans, moderate Democrats and banking industry officials disagreed with Biden's nomination.
Replies