Biden faces time crunch to pick financial watchdogs
President Biden has a growing list of vacancies to fill at top financial watchdog agencies before he and his party risk losing control of the Senate. Biden has roughly a year to nominate and confirm some of the most important officials overseeing the financial system before the November midterm elections, in which Republicans are thought to have a good chance to recapture the Senate. “2022 is going to be a very busy year on the administrative agency level in large part because if the Democrats lose control of the House and Senate in 2023 it changes a little bit of a dynamic,” said Jason Rosenstock, partner at Washington. D.C. lobbying firm Thorn Run Partners. “It just makes it a little bit harder to move their agenda. So I think this is the year to pounce, so to speak.” The Senate will see confirmation fights over up to five Federal Reserve nominees within the first months of the year, including the top three positions on the Fed board. But Biden has ye...