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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (264235)7/27/2010 12:20:36 PM
From: joseffyRead Replies (1) of 306849
 
Rangel, ethics committee in last-minute bargaining

By LARRY MARGASAK, Associated Press Writer 7/27/2010
news.yahoo.com

WASHINGTON – The Associated Press has learned that New York Democrat Charles Rangel is making a last-minute effort to settle his ethics case. A settlement would mean that Rangel must agree that he committed some ethical misconduct.

The talks were confirmed by people familiar with the situation, but who were not authorized to be quoted by name.

Rangel stepped down earlier this year as chairman of the tax-writing Ways and Means Committee because of an earlier ethics charge. A settlement would spare him an embarrassing ethics trial. It also would be a relief for other Democrats, who fear that an dragged-out ethics proceeding during the fall election campaign would hurt their ability to maintain their House majority.

The ethics committee's trial phase has been scheduled to commence Thursday afternoon.
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