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Yarmuth Defends Warren During Hearing

Facing hostile questions from Republican lawmakers, White House consumer adviser Elizabeth Warren was grilled during a subcommittee meeting that got nasty when the panel’s chairman accused her of lying about the terms of her appearance.

During a hearing entitled “Who’s Watching the Watchmen”, U.S. Rep. Patrick McHenry, R-N.C., declared the Consumer Financial Protection Bureau being formed by the Obama administration a “super class of administrative elites,” and asked Warren if she’d accept leading the new agency.

“Congressman, we had an agreement,” she told Congressman McHenry.

“You had no agreement, you are making this up, Ms. Warren,” McHenry said.

Apologizing for McHenry’s “rude” behavior, U.S. Rep. John Yarmuth, D-Ky., defended Warren, saying she is an effective spokesperson who is feared by many who are against consumers protections (h/t B&P).

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Beshear Invokes Price Gouging Law

As Hurricane Ike bears down on the Texas coast and its refineries, Kentucky Governor Steve Beshear has declared a state of emergency in the Commonwealth, in an effort to prevent
predatory pricing at the gasoline pump.

Beshear announced the action Friday during an appearance in Lexington.

“By doing this under the Consumer Protection Act, it empowers the attorney general to proceed against uncrupulous providers of goods and services who are engaging in price-gouging,” Beshear said.

Attorney General Jack Conway says his office has already received reports of prices exceeding $4.50 per gallon in some locations.

(Thanks to WUKY, Lexington)