Democrats Stick by Maxine Waters for Finance Panel Despite Controversy

Representative Maxine Waters’ Democratic colleagues are sticking by her as the party’s top candidate to run the powerful Financial Services Committee despite the controversy over her urging supporters to publicly confront Trump administration officials on immigration.

Waters, a 13-term California Democrat, is the senior Democrat on the committee and if the party wrests control of the U.S. House from Republicans in the November election, she’d be in line to become chair of the panel. It oversees regulators including the Federal Reserve and U.S. Securities and Exchange Commission and writes laws affecting Wall Street.