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Alexandria Ocasio-Cortez to serve on key congressional panel overseeing Wall Street

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U.S. Representative Alexandria Ocasio-Cortez, part of a new crop of Democrats swept into office this year on a stronger liberal platform, said she is poised to serve on a key congressional panel overseeing Wall Street, a potential setback for the financial services industry.

“I’m looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking,” Ocasio-Cortez tweeted late Tuesday. “I am very grateful for the opportunity to sit on this committee as a freshman.”

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Other incoming progressive Democrats, including Katie Porter, Rashida Tlaib and Ayanna Pressley, are also expected to secure spots on the committee, Politico reported.

Representatives for Democratic U.S. Representative Maxine Waters, the panel chair, could not be immediately reached for comment.

Their reported appointments to the House Financial Services Committee would be a setback for the industry, which had hoped the committee would be filled by moderate Democrats more sympathetic to their issues.

The powerful committee also oversees the U.S. housing market, insurance and international finance sectors, among other areas.

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It has also long been a major source of campaign contributions from Wall Street for both Democratic and Republican lawmakers. The flow of cash to the committee jumped in 2018 as the industry looked to rebuild bipartisan support it had enjoyed before the 2007-2009 financial crisis.

Ocasio-Cortez, 29, is part of a wave of female Democratic congressional candidates elected in November aiming to put more support behind the party’s liberal progressive wing.

She became the youngest woman elected to Congress, representing New York’s 14th congressional district in the Bronx and Queens after upsetting a longtime Democratic incumbent. She graduated from Boston University in 2011 with degrees in international relations and economics.

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(Reporting by Susan Heavey and Michelle Price; Editing by Jeffrey Benkoe)

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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French model tycoon at heart of Epstein scandal accusations

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A formerly powerful French modeling tycoon has emerged as a key figure in the scandal surrounding US billionaire Jeffrey Epstein, who committed suicide in jail while facing charges of sexually trafficking minors.

Jean-Luc Brunel, regarded as a close friend and ally of the disgraced US financier, has been accused in court documents of procuring young girls for Epstein, as well as of rape. He has in the past unequivocally denied the accusations.

The model scout, an influential figure in the industry, has always been a low-profile figure and like some other former Epstein allies vanished after the financier was charged in early July.

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‘Megalomaniacal, paranoid, and psychopathic’: Economist sounds the alarm on Trump’s ‘bottomless malevolence’

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Economist Jeffrey Sachs, a professor of Health Policy and Management at Columbia University, has written a frightening warning about President Donald Trump's "paranoid and psychopathic" leadership style, and he says it could have disastrous consequences for the world if he wins a second term.

In an essay published at progressive news website Common Dreams, Sachs argues that it would be a grave mistake to treat Trump like a cynical politician, when in reality he is an impulsive and vindictive narcissist who acts on his angry whims.

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Trump baselessly accuses Democratic lawmaker of ‘violence’?? in insane tweet

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President Donald Trump, in a strangely giddy and unhinged tweet on Tuesday baselessly accused Democratic U.S. Congresswoman Rashida Tlaib of “violence.”

“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” Trump tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”

It’s unclear what the president was referring to when he accused the Michigan Congresswoman of violence, but his other remarks appear to be directed at a press conference she held Monday.

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