Press Release

March 12, 2014
Cardin Applauds Senate Confirmation of Marylander Sarah Bloom Raskin as Deputy Secretary of the Treasury

Washington, DC – U.S. Senator Ben Cardin (D-MD), a member of the Senate Finance Committee applauded the confirmation of Sarah Bloom Raskin of Maryland to become the next Deputy Secretary of the Treasury.

“I am proud to have a fellow Marylander among the financial leaders that are guiding our economy towards future growth and stability. Sarah Bloom Raskin’s impressive résumé and reverence for public service make her particularly well-suited to be at the upper ranks of America’s fiscal leadership.  Once sworn into office, she will be the highest ranking woman in the history of the Treasury Department.

Sarah understands the value of public service and has a strong track record of success during turbulent economic times. In 2007, Sarah was appointed Commissioner of Financial Regulation for the State of Maryland.  In that role, she significantly improved consumer protections and supported banks through the many challenges of the financial crisis. For the past several years, Sarah has served on the Federal Reserve Board of Governors.  Her deep financial and regulatory knowledge and sound judgment made her an essential asset during her tenure there. “

Prior to the Wednesday vote, Senator Cardin spoke on the Senate Floor to reiterate his strong support for Deputy Secretary Raskin (link).