Bachus picked to chair financial panel: source

WASHINGTON (Reuters) – Representative Spencer Bachus of Alabama was picked on Tuesday to chair the House Financial Services Committee next year when Republicans take control of the chamber from President Barack Obama’s Democrats, a senior congressional aide said. Read more

Conditions needed on Comcast-NBCU deal: Rep. Waxman

WASHINGTON (Reuters) – Cable subscribers face higher costs, degraded service and fewer choices if U.S. regulators do not impose conditions on Comcast Corp’s bid to take control of NBC Universal, a key Democrat said on Tuesday in a letter to the top telecom regulator. Read more

Upton backed for House energy panel chair

WASHINGTON (Reuters) – Representative Fred Upton was chosen by a Republican organizing panel on Tuesday to become the next chairman of the House of Representatives’ Energy and Commerce Committee, considered one of the most power panels in the U.S. Congress. Read more