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Kevin Warsh's nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.
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Sheila Cherfilus-McCormick stands accused of stealing $5 million in federal funds. She said she would step down minutes before an ethics panel was to vote on whether to recommend expelling her.
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Rep. Sheila Cherfilus-McCormick was indicted last year on charges that she stole and laundered federal disaster money and used it to support a congressional campaign.
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