U.S. Rep. Paul E. Kanjorski, D-Nanticoke, chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, will address the need for broad regulatory restructuring of the financial industry during a House Financial Services Committee hearing today.

Noted securities experts and distinguished economists, including a Nobel Prize winner, will testify at the hearing that will focus on how much an outdated and weak regulatory system contributed to the current market turmoil and whether adoption of a strong and more robust financial regulatory system could contribute to a more rapid recovery in the financial markets and the economy.  read more »

U.S. Rep. Paul E. Kanjorski is questioning a donation made by U.S. Sen. Ted Stevens to Lou Barletta’s 2002 congressional campaign, a move the Republican challenger called desperate.

Kanjorski, D-Nanticoke, called on Barletta to return a $1,000 contribution from Stevens, the Alaska senator who was indicted this week on charges of scheming to conceal thousands of dollars worth of gifts from an oil-services company.

Barletta received the contribution from the Northern Lights PAC, which is registered with the Federal Election Committee as a political action committee of Stevens, according to FEC records.  read more »

Hazleton Mayor Lou Barletta plans to run for Congress this year, parlaying his fight against illegal immigrants into a race against one of the state’s most entrenched Democrats, according to state Republican Committee Chairman Rob Gleason Jr.

Barletta will announce his candidacy for the GOP nomination in the 11th district seat in “a few days,” Gleason said in an interview today. The seat is held by Democrat Paul Kanjorski.  read more »

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