Saule Omarova, pick for FDIC chair, withdraws name

Saule Omarova, the special assistant to Vice President Joe Biden for domestic policy, has withdrawn her name from consideration to be the first female chair of the Federal Deposit Insurance Corporation, administration officials said…

Saule Omarova, pick for FDIC chair, withdraws name

Saule Omarova, the special assistant to Vice President Joe Biden for domestic policy, has withdrawn her name from consideration to be the first female chair of the Federal Deposit Insurance Corporation, administration officials said on Wednesday.

Mr. Biden’s office had released a statement in October in which he said that he was impressed by Ms. Omarova’s “passion and knowledge about banking and the economy.”

But her name had also drawn opposition from other critics, including Senator Elizabeth Warren, a Massachusetts Democrat.

Ms. Omarova had reportedly declined to meet with Ms. Warren. Senator Tammy Baldwin, a Wisconsin Democrat, in a statement said that it was “great to have a capable, qualified person on the list, but we wish her all the best in her endeavors.”

But Ms. Omarova’s departure disappointed Ms. Warren, who said in a statement: “Ms. Omarova should not have been put forward in the first place and the White House should stop wasting the taxpayers’ time with these false names.”

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