Congress

Biden Fed nominee Sarah Bloom Raskin withdraws board candidacy

Sarah Bloom Raskin, President Biden's embattled pick for the Federal Reserve's top banking regulator, withdrew her nomination on Tuesday, according to a source familiar with the matter, after Republicans and one key Democrat opposed her nomination.

Senate passes bipartisan Postal Service Reform Act

The Senate voted Tuesday in favor of bipartisan legislation to overhaul the U.S. Postal Service's finances, ensuring a six-day-a-week delivery while providing the agency with more opportunities to expand business to avoid a government bailout.