Thread by @StevenTDennis

So not your typical day covering the Banking Committee.

Toomey plans to block quorum for Raskin; complains he hasn’t gotten answers to questions Re: he work with Reserve Trust.

Brown mad, says Toomey agreed to votes today weeks ago.

All 5 noms now caught in scrum

Getting around Toomey’s blockade would require backing of at least one Republican on the committee or floor action by all 50 Dems.
bloomberg.com/news/articles/…

Unlike with the blockade of Amy Coney Barrett by Senate Ds, which Graham bypassed because it merely required breaking a committee rule, this could require detonating a procedural nuke because Rs and Ds are equally divided.

Separately McConnell blasted Raskin and Cook; he’s meeting Powell this afternoon.

Toomey offered to move the other noms but Brown told us he won’t agree.

WH’s Psaki and Brown have blasted the Toomey tactic. Rs were planning to vote against her anyway but this has become for Rs an issue of Senate prerogatives to get info before a confirmation vote.

Toomey wants Fed to cough up details on how it decided to reverse itself on Reserve Trust getting a master account as well as the extent of Raskin’s involvement. He says he’s been stonewalled.

She says she can’t remember but if she did work on it she would have followed rules…

One other tidbit: Hagerty has endorsed BRAINARD, so she’ll get bipartisan support, too, along with Powell and Jefferson.

Brainard had a relatively friendly hearing and associated her views on climate with Powell’s.