Congress

5:05pm

Tue June 12, 2012
The Two-Way

Dimon Will Tell Congress JPMorgan 'Let People Down' With Trading Loss

Originally published on Wed June 13, 2012 8:00 am

JPMorgan Chase Chief Executive Officer Jamie Dimon.
Mario Tama Getty Images

"This portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. As a result, we have let a lot of people down, and we are sorry for it."

That's part of JPMorgan Chase President and CEO Jamie Dimon will tell the Senate's Committee on Banking, Housing and Urban Affairs tomorrow, when it looks into the botched trades that lost the bank $2 billion. Chase released Dimon's prepared remarks this afternoon.

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4:48am

Tue June 12, 2012
Political Junkie

A Congressional Election In Arizona We All Wish Didn't Have To Take Place

Originally published on Thu June 14, 2012 8:48 am

Giffords resigned her seat in January after 4 years in Congress.
Ken Rudin collection

If Republicans had their way, there would not have been a gubernatorial recall election in Wisconsin. An unnecessary waste of time, many of them said.

Democrats, for the most part, disagree. Scott Walker's policies, they argued, mandated the recall election.

As for today's special election in Arizona's 8th Congressional District, both Democrats and Republicans agree that it shouldn't be taking place at all.

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3:32am

Tue June 12, 2012
National Security

Does Leaking Secrets Damage National Security?

Originally published on Tue June 12, 2012 6:18 am

James Clapper, director of national intelligence, leaves a closed-door joint meeting with the Senate and House Intelligence committees on June 7. Clapper ordered an inquiry into security leaks to be concluded next week.
Mark Wilson Getty Images

Last week's assignment of two federal prosecutors to investigate disclosures of national security information might have been the first shot in a new war on leaks. The director of national intelligence is expected soon to announce new measures to fight unauthorized disclosures, and some members of Congress say it could be time for new anti-leaking laws.

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3:12pm

Mon June 11, 2012
Politics

Harlem Icon Faces 'Perfect Storm' In Re-Election Bid

Originally published on Wed June 13, 2012 4:29 pm

Rep. Charles Rangel greets supporters after a press conference at Frederick Douglass Circle in New York on May 3.
Andy Jacobsohn MCT/Landov

In Harlem, a legendary congressman — one of the most influential black politicians in modern history — faced a difficult re-election as allies backed his younger opponent in demanding a changing of the guard.

That was in 1970, when challenger Charles Rangel defeated Rep. Adam Clayton Powell Jr., a mythic figure undone by scandal and frustrated constituents.

Now, 42 years later, Rangel is the iconic lawmaker contending with perhaps his toughest re-election against challengers from within his own party who say his time has passed.

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5:27am

Sun June 10, 2012
Around the Nation

New Farm Bill Has Its Share Of Complications

Originally published on Sun June 10, 2012 1:50 pm

Transcript

RACHEL MARTIN, HOST:

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