The Biden administration on Wednesday night fiercely defended the nomination of Saule Omarova as a top banking regulator after it was reported that five Democratic senators told the White House they wouldn’t support her.
A White House official said the attacks on Omarova, a Cornell law professor who has been sharply critical of big banks and cryptocurrencies, were so unfair that they smacked of the red-baiting smears leveled by Senator Joe McCarthy in the 1950s.
