President Donald Trump’s nominee to lead the Federal Deposit Insurance Corporation has won the backing of a key Republican senator who had earlier threatened to vote against him over concerns about the agency’s handling of workplace harassment. Sen. John Kennedy (R-La.) said he will support acting FDIC Chair Travis Hill, who is Trump’s pick to permanently lead the agency. Kennedy’s endorsement clears a major hurdle for Hill, whose nomination has broad backing from the banking industry and other Senate Republicans, and paves the way for a vote in the Senate Banking Committee.
Kennedy last month threw up a surprise roadblock when he said he wouldn’t vote for Hill until the FD. . .