Live Breaking News & Updates on Washington Post Wally Adeyemo

Two Biden aides will recuse on BlackRock issues as past ties pose questions
Yeganeh Torbati
© Lucas Jackson/Reuters
In 2013, the asset management firm BlackRock unleashed a lobbying blitz to carpet-bomb a new Treasury Department agency, pushing federal regulators away from tightening requirements on its massive business lines.
In 2019, the company won again when the Trump administration cemented an approach that would essentially exempt large companies such as BlackRock from more scrutiny.
Now, however, the New York firm with $7.8 trillion in assets under management could face its biggest threat yet, with Democratic control of the White House and influential figures on the left bent on breaking Wall Street apart. ....

New York , United States , France General , White House , District Of Columbia , Brian Deese , Jeff Zients , Demetrius Freeman , Larry Fink , Craig Phillips , Blackrock Barbara Novick , Joe Biden , Dennis Kelleher , William Daley , Wally Adeyemo , Johnf Kerry , Michael Nagle Bloomberg , Janet Yellen , John Kerry , Rube Goldberg , Rahm Emanuel , Rosemary Boeglin , Marcus Stanley , Barack Obama , Simon Dawson Bloomberg Blackrock , Valerie Jarrett ,