The U.S. House of Representatives Ethics Committee, following a two-year investigation, has cleared U.S. Rep. Maxine Waters (D-CA) of alleged wrongdoing. Their finding paves the way for her to become the ranking Democrat on the House Financial Services Committee and possibly its chairman if Democrats retake the House in the November election. --- Late last year when U.S. Rep. Barney Frank (D., Mass.) announced his retirement, it opened the door for Waters to become the ranking Democrat or possibly chairman of the House Financial Services Committee. It oversees the nation’s economy through the Federal Reserve Board, the U.S. Treasury and the production and distribution of currency. Dr. David Bositis of the Joint Center for Political and Economic Studies, a Washington, D.C.-based think tank for black elected officials, said last year that Waters could gain the coveted post if the ethics committee cleared of the charges.
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