Ohio Sen. Sherrod Brown’s reelection loss on Tuesday will free up the top Democratic spot on the Senate Banking Committee — and it may go to a leading critic of the financial services industry, Sen. Elizabeth Warren.
Brown has held the high-profile committee leadership role for almost a decade. Warren is the most senior Democrat on the panel without another gavel, making her a likely successor on the committee with jurisdiction over banking, credit, and monetary policy. Warren (Mass.), who leads the economic policy subcommittee, has taken a hard line in supporting antitrust action and steep Federal Reserve rate cuts. ...