Rep. Bachus has support to chair powerful panel, sources say

11/7/2010 | Bloomberg

The six ranking Republicans on the House Financial Services Committee will support Rep. Spencer Bachus, R-Ala., in his bid to become chairman of the panel, according to House aides. The lawmakers have agreed to sign a letter that says Bachus is "the best person to continue leading our team." The panel plans to address a revamp of Fannie Mae and Freddie Mac as well as the implementation of financial regulations.

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