BREAKING: Rangel (Update: does not) agree to give up the gavel on ways and means. Change is a comin'!

Update:  oops, not so fast     Rangel says, “you bet your life” that he is still chairman.

WASHINGTON (AP) — Rep. Charles Rangel is denying that he’s stepping down as chairman of the tax-writing House Ways and Means Committee.

Rangel told reporters ”you bet your life” when asked if we was still chairman. He had just emerged from a meeting with House Speaker Nancy Pelosi to discuss his fate.

Pelosi had no comment.



Rangel saw the writing on the wall being stripped of his position in the near future and gave up chairman spot on ways and means.   He’ll probably “retire” before his next election.

Sander Levin taking over temporarily.