Speaker Nancy Pelosi announced today the new Majority Leadership team for the 111th Congress, elected today by members of the Democratic Caucus:
- Speaker of the House: Nancy Pelosi of California
- Majority Leader: Steny Hoyer of Maryland
- Majoriy Whip: James E. Clyburn of South Carolina
- Democratic Caucus Chairman: John B. Larson of Connecticut
- Democratic Caucus Vice Chairman: Xavier Becerra of California
- Assistant to the Speaker and Chair of the Democratic Congressional Campaign Committee: Chris Van Hollen of Maryland
Congressional Glance
In 2000, Congress passed a law barring states from regulating credit default swaps under their gambling and “bucket shop” laws. This set the stage for the market in “financial derivatives” that are a big part of what is causing the economic meltdown today.





























