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Top House bank panel Republican keeps post

WASHINGTON
Wed Dec 10, 2008 7:30pm EST

WASHINGTON (Reuters) - The top Republican on the House of Representatives Financial Services Committee beat back a challenge and kept his post on the panel on Wednesday.

Alabama Rep. Spencer Bachus will be the ranking Republican on the committee -- which oversees banks, financial markets and housing -- in the 111th Congress convening in January, said a statement from House Republican Leader John Boehner of Ohio.

Bachus had faced a possible vote of no-confidence from his peers, according to congressional aides.

He had angered some fellow Republicans in September with his handling of negotiations on their behalf over the Bush administration's $700 billion bank bailout plan.

(Reporting by Kevin Drawbaugh; editing by Richard Chang)


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