- Fannie Mae to Tighten Lending Standards: Report
- Share Trading on London Stock Exchange Resumes
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- UK Retail Sales Pick Up in Nov., Strong Dec. Seen
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Italy puts RU-486 abortion pill on hold
- DHL plans to cut up to 788 jobs in Belgium
- Obama: Too many fear end of American dream
- Georgian FM urges Western security guarantees
- London stock trading to resume after outage
- Japan's Kyodo forms tie-up with Mainichi newspaper
- Nokia Siemens to manage Zain networks in E.Africa
- BAE plans to ax a further 640 jobs
- Energy agency head praises Obama emissions goal
Text Size 
WASHINGTON - U.S. Rep. Rick Renzi, R-Ariz., is temporarily stepping down from the House Intelligence Committee amid an ongoing federal investigation.
In October, Justice Department officials confirmed that Renzi was the subject of an inquiry into a 2005 land swap that would benefit a friend and business associate.
Renzi has denied any wrongdoing.
Bringing out the truth
In a statement issued Thursday from Washington, Renzi said, "The FBI came to my family's business to obtain documents related to their investigation.
"I view these actions as the first step in bringing out the truth. Until this matter is resolved, I will take a leave of absence from the House Intelligence Committee. I intend to fully cooperate with this investigation."
Renzi, elected to his third term last November, did not elaborate on the federal probe.
The Arizona Republic reported that FBI agents raided an insurance agency owned by Renzi's wife in Sonoita, a town near Sierra Vista.
Renzi referred all questions to his Washington-based attorney, Laura Miller, who did not immediately return calls Thursday night.
Print
Email
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes