Analysis-US FDIC chair nominee likely has the votes but confirmation process could drag
WASHINGTON - Christy Goldsmith Romero will likely win enough votes to be confirmed as U.S. Federal Deposit Insurance Corporation chair but Republicans are likely to slow walk the process.
Nominees require 51 votes to be confirmed in the evenly divided Senate where Democratic Vice President Kamala Harris can break a tie, but fierce opposition from Republicans and industry groups has in the past created cracks among Democrats and derailed the process. Brad Bondi, a prominent Washington attorney and registered Republican who has known Goldsmith Romero for over a decade told Reuters she was an"honest, intelligent, hardworking and fair" consensus-builder who will work across party lines.
But Republicans' statements suggest they"may not go all out to defeat Goldsmith Romero and will declare victory for having ousted Gruenberg," said Ian Katz, managing director at policy research firm Capital Alpha Partners.
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