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Thank you, Mr. Chairman, for holding this important hearing this morning.

The multimillion-dollar expansion and facelift of Los Angeles International Airport is running into resistance from some residents.

People who live in the shadow of the airport are speaking out against plans to relocate a runway even closer to their homes.

They aired their concerns at a public meeting on Tuesday night.

Neighbors of Los Angeles International Airport turned out in force at a public hearing Tuesday night to protest plans to separate the two northern runways by 260 feet for safety and efficiency reasons.

As the board of the American International Group weighs whether to join a shareholder lawsuit against the United States government, several lawmakers have a simple message for the bailed-out insurer.

Facing outrage from all quarters, AIG Inc. said Wednesday it would not sue the U.S. government over terms of its multi-billion dollar bailout.

Congresswoman Maxine Waters (CA-43), Ranking Member of the Financial Services Committee, released the following statement today in response to reports that the American International Group Inc. (AIG) is considering joining a lawsuit against the U.S. government claiming that the terms of the bailout were unfair:

Congresswoman Maxine Waters (CA-43), Ranking Member of the Financial Services Committee and one of the co-authors of the Biggert-Waters flood insurance reform law released the following statement today after passage of H.R. 41, a $9.7 billion flood insurance portion of the Sandy Disaster Relief Package:

The US Commodity Futures Trading Commission is to announce Friday a temporary reprieve from stringent new derivatives rules, people familiar with the matter said.
Several members of the Congressional Black Caucus will be serving in key leadership positions in the 113th Congress, House Democratic Leader Nancy Pelosi (D-Calif.) announced Dec. 5. The news comes in stark contrast to the announced Republican leadership appointments in which neither women nor minorities played substantial roles.

It does not seem like it would be difficult for regulators to block felons and other law-breakers from pitching private investment deals to unsophisticated customers, but nearly 20 months after proposing its "bad actor" rule, the U.S. Securities and Exchange Commission is having trouble finalizing it.