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As a North Carolina congressman, Mel Watt has tried to arm struggling homeowners with a legal “sledgehammer” against lenders and expand the ranks of people eligible to cut their mortgage principal.
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President Barack Obama nominated Representative Mel Watt to be director of the Federal Housing Finance Agency after months of political pressure from consumer advocates to find a new overseer for Fannie Mae and Freddie Mac.
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After being criticized for the lack of diversity among his early Cabinet picks for his second term, President Barack Obama is remaking his new team in the image of his first.
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Senate hearings, lawsuits and an Internal Revenue Service questionnaire are placing new scrutiny on nonprofit groups that spend millions of dollars on political campaigns without disclosing their donors.
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Companies giving at least $2 million to the Congressional Black Caucus Foundation -- nearly half of its reported 2010 donations -- also backed an organization championing voter identification laws that caucus members say “suppress” minorities’ right to vote.
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U.S. Representative Danny Davis , a Democrat from Chicago’s South Side, was surprised to see his name in an October ad that criticized proposed regulations on for-profit colleges.
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Democratic lawmakers paid respects to a slain black Florida teenager as a senior member of the Congressional Black Caucus offered his “heartfelt condolences” to his parents for “the shock, the tragedy” of their loss.
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President Barack Obama is considering Charlotte, North Carolina, Mayor Anthony Foxx for secretary of transportation, according to two people familiar with the matter.
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The Obama Administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges, cutting the companies’ annual revenue growth by as much as a third.
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He calls the law tightening oversight of Wall Street among the most “harmful our capital markets have seen.” She has compared bankers to gangsters.
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