Rep. Melvin Watt, a senior member of the House Financial Services Committee and former chairman of the Congressional Black Caucus, played an influential role in the passage of a financial regulatory overhaul in 2010. That legislation, however, did not address the fate of the major mortgage lenders, an issue likely to come up during Obama's second term.

Rep. Melvin Watt, a senior member of the House Financial Services Committee and former chairman of the Congressional Black Caucus, played an influential role in …

Published on May 8, 2013
The number of unemployed, at 11.7 million, was little changed over the last month; however, unemployment decreased by 673,000 since January.

The number of unemployed, at 11.7 million, was little changed over the last month; however, unemployment decreased by 673,000 since January.

Published on May 8, 2013
New 7th Ward Ald. Natashia Holmes

New 7th Ward Ald. Natashia Holmes

Published on May 8, 2013
New 7th Ward Ald. Natashia Holmes talks to residents from the area during a Wednesday night community meeting regarding a pawn shop. The alderman has stated she is opposed to the pawn shop and is requesting the City of Chicago Zoning Board of Appeal's deny Cash America Inc. of Illinois' special use application.

New 7th Ward Ald. Natashia Holmes talks to residents from the area during a Wednesday night community meeting regarding a pawn shop. The alderman has …

Published on May 8, 2013