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He may fear "death by a thousand cuts" - a stream of damning newspaper stories, private grumblings from Democratic colleagues, a pending ethics investigation - but insiders say House Ways and Means Committee Chairman Charles B. Rangel has no intention of giving up his powerful post.
To the contrary, the New York Democrat is launching a concerted counterattack against The New York Times, which reported last week that Rangel helped retain a multimillion-dollar tax loophole for an oil drilling company at the same time that the company's CEO was pledging $1 million to the Charles B. Rangel Center for Public Service at City College of New York.