An ethics report finding that House Ways and Means Committee chairman Charles Rangel violated congressional gift rules is the latest in a string of bad news for the embattled New York Democrat, but it remains unclear whether this friend of the muni market will eventually lose his powerful position.

The House Committee on Standards of Official Conduct publicly admonished the Harlem lawmaker Friday for violating congressional rules by accepting two corporate-sponsored trips to the Caribbean for conferences. The panel’s findings reignited calls from Republicans, and even some within his own party, that he resign as committee chair.

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