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Online Stock Market Trading Buoyed by an election victory in Louisiana, Senate Democrats today put Senator Jon Corzine of New Jersey in charge of their effort to recapture the Senate in 2004.

Meanwhile, as widely expected, the Democrat party won the House while the Republicans won the Senate in the US mid election results.

Stock Investing Course Senator Tom Daschle, the Democratic leader, named Mr. Corzine, a former Wall Street executive, as chairman of the Democratic Senatorial Campaign Committee with Senator Debbie Stabenow of Michigan appointed vice chairwoman.

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Stock Market Game Mr. Corzine, who spent $60 million of his own fortune in his 2000 campaign, will be responsible for recruiting candidates and raising money in the first elections to be held under new campaign finance laws meant to reduce the influence of soft money.

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Stock Investing Game He promised a disciplined effort and said the victory by Mary L. Landrieu in Saturday's runoff in Louisiana showed that Democrats could win by taking strong stands on the economy and drawing sharp contrasts with Republicans.

Senate Minority Leader Harry Reid ( Nev.) said it is not appropriate for Democrats to come forward with their own Social Security proposal, since Bush has yet to offer specific details of how he will accomplish his plan. He said Democrats are determined to stop Bush from ruining the program, especially since Social Security is not facing a real crisis.

Journal Prime Rate Street Wall "And we can do that across this country," Mr. Corzine said.

Adding to the drama was the new committee lineup, due to the Republicans' regaining control of the Senate after the 2002 elections. Senator Richard Shelby ( AL) for the first time became chairman of the Senate Banking Committee, through which any FCRA legislation had to pass. His predecessor, Senator Paul Sarbanes of Maryland, in turn became the Ranking Democrat.

Stock Market News He acknowledged that his job would be challenging in an election cycle when a Republican president would be up for re-election and Democrats would be defending 19 Senate seats compared with 15 for Republicans.

Stock Investing Basics After losing control of the Senate and losing seats in the House in the Nov. 5 election, dispirited Democrats took comfort in Saturday's victory by Ms. Landrieu and in the narrow victory by a Democrat House candidate, Rodney Alexander. Ms. Landrieu's triumph over Suzanne Haik Terrell was particularly sweet, coming over a challenger with strong White House backing.

Stock Investing Software "I think it proves without a doubt that Democrats can win anywhere in the country," said Mr. Daschle, who declared that Democrats had a new "bounce in our step."

Stock Market Trading He said it was a myth that the election last month represented an "overwhelming victory" for Republicans, who now control Congress and the White House.

Stock Investing For Dummy Republican operatives, while crediting Democrats for the Louisiana victories, say those are not enough to undo the earlier results.

Stock Market Crash "Louisiana was a nice little comeback for them, but frankly it was an incumbent Democrat senator in a state that has never elected a Republican," said Charles Black, a veteran Republican strategist.

Stock Investing Tip Mr. Black said the fact remained that Nov. 5 was the first time a Republican president had gained House seats in a midterm election or gained control of the Senate in those circumstances.

Stock Market Chart "The historic nature of the Nov. 5 elections still stands," he said.

Online Stock Investing There was one immediate practical benefit for Democrats. Mr. Daschle said he and Senator Trent Lott of Mississippi, the incoming majority leader, agreed today that Republicans would have a one-seat majority on all committees given the 51-to-48 breakdown of the Senate. (One senator, James M. Jeffords of Vermont, is an independent who votes with the Democrats for organizational purposes.) Had the Republican won, Mr. Lott might have pushed for two seats. Still, some junior Democrats, like Mr. Corzine, might lose committee positions when the panels are shuffled.

Stock Market Crash Of Though the elections took place only a month ago, the preparation for critical 2004 races is moving ahead. Republicans have already named Senator George Allen of Virginia to head their Senate campaign arm and Representative Thomas M. Reynolds of New York to lead the House campaign organization.

Stock Investing For Beginner Representative Nancy Pelosi, the new House Democratic leader, said that she would soon name her party's campaign leader for the House.

Finance Journal Personal Members of the Congressional Black Caucus, seeking more say in the party leadership, are backing the candidacy of Representative William J. Jefferson of Louisiana, pointing to the role he and other black lawmakers played in Saturday's outcome. Representative Martin Frost of Texas, who initially opposed Ms. Pelosi in the leadership race and formerly headed the committee, is also being pushed by some.

Stock Market Report By Carl Hulse
New York Times - 12/10/2002

Topic: Congress

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