Friday, May 30, 2014

How The Congressional Black Caucus Went To War With Itself Over Wall Street

Who'da thought?

Rep. Maxine Waters is pushing back against a pro-Wall Street bloc in the Congressional Black Caucus. (Chelsea Lauren/Getty Images for BET) | Chelsea Lauren via Getty Images

The CBC is not an organization known for airing its dirty laundry in public. But over the last year, the tawdriness of its pro-Wall Street votes has become so blatant that several members have started to push back, led by Maxine Waters, the veteran Los Angeles legislator who serves as the top Democrat on the financial services panel. To many in the CBC, it feels like a battle for the storied caucus's soul -- and the result could dictate the direction of economic policy for the Democratic Party at large.

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