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Maxine Waters In Line For Promotion

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Massachusetts Rep. Barney Frank, the powerful top Democrat on the House Financial Services Committee, announced Monday that he is retiring from the seat he has held for more than three decades...His decision will almost certainly have ripple effects as Democrats compete for Frank’s committee slot. Rep. Maxine Waters (D-Calif.), the second-ranking Democrat on the Financial Services Committee, has already started making calls to colleagues to try to shore up support to succeed Frank in her party’s top post on the panel. [Politico]