WASHINGTON -- The House Ethics Committee is likely nearing the end of an investigation of Rep. Maxine Waters, a senior Democrat on the House Financial Services Committee.
The California lawmaker is fighting allegations that she steered a $12 million federal bailout to a bank where her husband owns stock.
The committee is conducting a hearing on the case Friday and could issue its final report after the proceeding concludes.
The case could have political implications for Democrats because Waters would be the senior party member next year on the committee that oversees the financial industry.
Waters, who routinely wins her Los Angeles district overwhelmingly, could become chairman if Democrats win control of the House.
By LARRY MARGASAK, Associated Press
The Associated Press