Sen.-Elect Elizabeth Warren Likely Pick For Senate Banking Committee

BOSTON (AP) — Senate Majority Leader Harry Reid wants Massachusetts Sen.-elect Elizabeth Warren to join the Banking Committee.

A Senate Democratic official confirmed Tuesday that Warren’s appointment was likely, but cautioned nothing was final until the Democratic caucus approves the move. The official spoke on condition of anonymity because no announcement has been made.

A favorite of the party’s liberal wing, Warren’s likely committee assignment is already winning praise from progressive groups. The Senate Banking Committee oversees the implementation of the so-called Dodd-Frank financial system overhaul and other banking regulations.

Warren was an outspoken advocate for the Obama administration’s newly created Consumer Financial Protection Bureau last year, but Republican opposition helped prevent her from becoming leader of bureau.

Warren defeated Massachusetts Sen. Scott Brown, a Republican, and takes office in January.

Copyright 2012 The Associated Press.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live