Ms. Raskin was nominated by President Barack Obama last July for the post, and as expected the vote went her way, making her the highest-ranking woman ever to serve in the Treasury.
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Sarah Bloom Raskin was undoubtedly relieved when Senate Majority Leader Harry Reid announced that the Senate had voted in her favor to take up the post as Deputy Treasury secretary, the No. 2 spot at the Treasury Department, finally confirming one of the few outstanding nominations made by President Barack Obama last year.
Sarah Bloom Raskin has already received the approval of the Senate Finance Committee on two separate occasions, first in December, then again the following month, at the outset of the current Congress.
The Senate has approved all but one of Mr. Obama’s nominees since it updated its rules to speed up such confirmations and Ms. Bloom Raskin was always comfortable in the knowledge that she was unlikely to face any significant opposition from either side of the chamber.
Sarah Bloom Raskin will now succeed Neal Wolin at the Treasury Department. Wolin finished his term in September of last year, after more than four years in the post
Sarah Bloom Raskin was born Sarah Bloom in Medford, Massachusetts. After leaving high school, Sarah went on to study at Harvard Law School, later graduating with a B.A. in economics from Amherst College, where her undergraduate thesis was written on the subject of monetary policy.
Raskin was nominated to the Federal Reserve Board by President Barack Obama, along with fellow nominee Dr. Janet Yellen, was confirmed unanimously as a Federal Reserve Board governor by the United States Senate in late September 2010, just a few days later being sworn in to her new post by Fed Chairman Ben Bernanke.
Raskin is married to Jamie Raskin, State Senator for Maryland on behalf of the Democrat Party.