Washington (CNN) – The bank owned by the family of Illinois Senate candidate Alexi Giannoulias was closed by regulators on Friday, a development likely to complicate Democratic efforts to keep President Obama's old Senate seat from falling to Republicans in November.
Broadway Bank's failure was the result of an "unraveling of the real estate market," Giannoulias said. Economic conditions have "taken a gigantic toll on homeowners, businesses, community banks, and families throughout our country," he added.
Giannoulias, a former employee of the bank, said Broadway Bank "was one of the best performing in Illinois" when he left to run for state treasurer in 2005.
Washington (CNN) - The head of an Ohio Republican organization took back a slap at a Democratic congresswoman on Friday after a recent campaign flyer said she should be put "back in the kitchen."
Read the flyer here [pdf]
Rep. Betty Sutton is the subject of the political attack by the Medina County Republican Executive Committee. The flyer was sent to about 15,000 Ohio homes as part of the political effort to try and defeat her in November.
"Let's take Betty Sutton out of the House and put her back in the kitchen!" the Medina County GOP said in the flyer. In a statement posted on her campaign website, Sutton blasted the line as "an insult to all women."
"The statement in the mailer devalues the tremendous breadth of talents of women and girls, be they Republicans, Independents, Democrats or none of the above," she said.
Sutton called for Bill Heck, chairman of the county committee, to step down.