Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

The House

Washington Outlook: Capital Wrapup


No one knows just what the 110 new members of the House will be like. But their sheer numbers are giving leaders grief as they try to work out committee assignments for the 103rd Congress. Defeats and retirements have left many panels decimated. The powerful Appropriations and Ways & Means Committees both lost about a third of their members. In the most extreme case, the Africa subcommittee of Foreign Affairs lost every permanently assigned Democrat.

Filling Appropriations and Ways & Means slots will be easy, though nearly all will go not to first-termers but to experienced lawmakers seeking better assignments. The House Steering & Policy Committee, which is working on assignments, may also recommend shrinking these megacommittees a bit. Many of the freshmen are making the Steering & Policy Committee's job a bit easier by requesting seats on such traditionally undesirable panels as Small Business and Education & Labor.

But the Banking Committee remains a major trouble spot. Bailouts and scandals have given it a reputation as a high-risk, low-gain assignment. Five of its seven subcommittee chairmen retired or lost, and many of its surviving members are likely to move on to more rewarding committees.Edited by Stephen H. Wildstrom

blog comments powered by Disqus