WASHINGTON - Sen. David Vitter, R-La., is joining together with Sen. Charles Schumer, D-N.Y. to sponsor legislation that could make it possible for investors who lost money to Allen Stanford's Ponzi scheme to get reimbursement from an industry-financed fund.
The Securities and Exchange Commission has been trying unsuccessfully to get the industry-backed fund to provide compensation for Stanford victims. But the Securities Investor Protection Corp., which administers the fund, has refused the SEC request, saying the investors aren't covered under its reading of the federal law designed to protect investors from brokerage failure.
New York Sen. Chuck Schumer publicly urged Hillary Clinton to run for president at an event in Iowa Saturday, vowing his "full and unwavering" support. TODAY's Lester Holt interviews NBC's David Gregory about the potential political impact.
Hillary Clinton was flattered by an early endorsement by New York Democratic Senator Charles Schumer but has made no decision about running for president in 2016, her office said on Sunday.
Schumer, in a speech to Democratic activists in Iowa on Saturday night, said "2016 is Hillary's time," and urged her to seek the Democratic presidential nomination.
>>>there is another race that started to heat up even though we're less than a year into president obama 's second term. talking about the race for president. last night new york senator chuck schumer urged hillary clinton to run for the white house saying she'd looet lead his party to victory. today new jersey governor chris christie is traveling around new jersey as he runs for re-election in what's widely seen as a test run for president himself.
October 16, 2013 6:12 PM
Senate Majority Leader Harry Reid, D-Nev., and other Senate leaders react to the passage of a bill to re-open the government and avert default.
October 13, 2013 8:00 AM
Sen. Chuck Schumer, D-N.Y., says, "I'm cautiously hopeful, optimistic that we can come to an agreement and open up the government and avoid default based on the bipartisan meetings that are going on."
October 13, 2013 7:40 AM
The latest on the standoff over the government shutdown and debt ceiling with Sens. John McCain, R-Ariz., Chuck Schumer, D-N.Y., Kelly Ayotte, R-N.H., and Rep. Tim Huelskamp, R-Kan., plus a panel of experts.
Immigration reform is back on the front burner as a major issue in Washington, and the Republicans are taking the lead.