WASHINGTON-In the aftermath of Vermont Senator Jim Jeffords' party jump from Republican to Independent, the Senate has been concentrating on reorganizing itself to reflect the new Democratic control. In this effort Senator Tom Daschle (D-S.D.) has become the Senate Majority Leader, replacing Senator Trent Lott (R-Miss.), who is now the Minority Leader. Also in the mix is Senator Paul Sarbanes (D-Md.) replacing Phil Gramm (R-Texas) as Banking Committee chairman and Senator Max Baucus (D-Mont.) trading places with Senator Chuck Grassley (R-Iowa) as Finance Committee chairman. Jeffords' switch has stirred up speculation about Senator John McCain's (R-Ariz.) loyalty to the Republican party. He has denied that he is even considering a switch.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.