Rep. Paul Kanjorski, who has been one of the strongest supporters of credit unions in Congress, was defeated after a 26-year career by Hazleton Mayor Lou Barletta.
Political newcomer Rand Paul, a favorite of credit unions and the tea party movement, has won the U.S. Senate seat in Kentucky, according to Associated Press projections.
Credit Union Times and a panel of special guests take listeners through how key legislative officials are polling, how the Dems and GOP will fare in the House and Senate and more.
The Republicans will gain 55 seats in the House - recapturing the majority and bring down several key credit union supporters, according to an analysis released today by political scientist Larry Sabato.
Rep. Paul Kanjorski (D-Pa.), one of the strongest supporters of credit unions in Congress, trails his GOP challenger Lou Barletta 48%-43%, according to a poll released today by The Hill newspaper.
CUNA's political action committee made more than $100,000 worth of independent expenditures this week, bringing its total since September to $837,328, according to reports filed with the Federal Election Commission.
House Financial Services Committee Chairman Barney Frank (D-Mass.), who is facing a stronger than expected reelection challenge, lent his campaign $200,000.
Kanjorski (D-Pa.), one of the strongest champions of credit unions on Capitol Hill, is trailing his GOP challenger Lou Barletta, who is making his third attempt to oust the veteran lawmaker.
Expressing concern over a call for a foreclosure moratorium and a state-run bank, the Michigan Credit Union League is jumping into the race for governor with an endorsement for the GOP candidate, Rick Snyder.
Rep. Paul Kanjorski, one of the strongest champions of credit unions on Capitol Hill, trails his GOP challenger Lou Barletta by seven percentage points, according to a poll released today by Franklin & Marshall College.