(CNN) - President Barack Obama's reelection campaign returned political donations made by Jon Corzine, the embattled former Democratic governor and senator from New Jersey, on Friday.
The move comes as Corzine endures increased scrutiny following the bankruptcy of his brokerage firm MF Global. Corzine was CEO of the company until it declared bankruptcy in October and he subsequently resigned. Hundreds of millions of dollars in customer funds from MF Global are still missing.
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New York (CNNMoney) - The search for the missing money at bankrupt brokerage MF Global continued on Capitol Hill Tuesday with a hearing before the Senate Agriculture Committee.
Former MF Global CEO Jon Corzine, who served as a Democratic senator and governor of New Jersey, returned to the hot seat, this time flanked by two former colleagues from the brokerage's parent company, MF Global Holdings: Chief operating officer Bradley Abelow and chief financial officer Henri Steenkamp.
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NEW YORK (CNNMoney) - Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm's failure Thursday and told a House committee that he doesn't know where the missing money went.
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, the former Democratic senator and governor of New Jersey, in prepared testimony to the House Agriculture Committee on Thursday.
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NEW YORK (CNNMoney) – After weeks of speculation about how more than a billion dollars in customer money went missing at MF Global, former CEO Jon Corzine will give his side of the story on Capitol Hill Thursday.
Corzine, also a former senator and governor of New Jersey, has been called to testify before the House Agriculture Committee as it investigates what went wrong at the brokerage firm, which went bankrupt in late October after disclosing bets on risky European debt that sparked a panic among investors.
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WASHINGTON (CNNMoney) - The House Agriculture Committee voted unanimously Friday to subpoena Jon Corzine, the former CEO of bankrupt trading firm MF Global, to compel his testimony at a hearing next week.
"I assure you, the ranking member and I do not take this action lightly," said committee Chairman Frank Lucas, an Oklahoma Republican. "However, we agree that his testimony is essential to fulfill our objectives on behalf our constituents and to complete the hearing record."
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Washington (CNN) - The head of the Republican National Committee is calling on President Barack Obama to return half a million dollars in fundraising Jon Corzine raised on the president's behalf, now that the former one term New Jersey governor's bankrupt brokerage firm is under investigation by the federal authorities.
"In light of the FBI Investigation into Jon Corzine's company, President Obama should immediately return the $500,000 that Corzine raised on his behalf," said RNC Chairman Reince Priebus, in a statement released Thursday.
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"Our politics in Congress has become tribal in some ways. We have the tribe of the Democrats and tribe of the Republicans," Bayh said, appearing on CNN's State of the Union with Democrat Jon Corzine, a former New Jersey governor and senator, and Republican Susan Molinari, a former House member from New York.
In discussing partisanship, Molinari said that "women have a tendency to band together a little bit more than the men."
Bayh interjected: "It's testosterone poisoning; it's not our fault."
"You said it. I didn't," Molinari joked in response.
Bayh, who stunned Democrats last week when he announced he will not seek re-election in November, spoke about why he believes Congress can't get much done.
"Well, the culture really has changed," Bayh told CNN Senior Political Correspondent Candy Crowley.
"We have a lot of wonderful people, well-meaning people, but they're trapped in a system that's dysfunctional," said Bayh, whose father also served in the Senate.
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"Our politics in Congress has become tribal in some ways. We have the tribe of the Democrats and tribe of the Republicans," Bayh said, appearing on CNN's State of the Union with Democrat Jon Corzine, a former New Jersey governor and senator, and Republican Susan Molinari, a former House member from New York.
In discussing partisanship, Molinari said that "women have a tendency to band together a little bit more than the men."
Bayh interjected: "It's testosterone poisoning; it's not our fault."
"You said it. I didn't," Molinari joked in response.
Bayh, who stunned Democrats last week when he announced he will not seek re-election in November, spoke about why he believes Congress can't get much done.
"Well, the culture really has changed," Bayh told CNN Senior Political Correspondent Candy Crowley.
"We have a lot of wonderful people, well-meaning people, but they're trapped in a system that's dysfunctional," said Bayh, whose father also served in the Senate.
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WASHINGTON (CNN) - Republican Chris Christie has defeated Democratic Gov. Jon Corzine in New Jersey, CNN projects.
Republican New Jersey Gubernatorial hopeful Chris Christie exits the voting booth after casting his vote (Photo Credit: Getty Images)
(CNN) - With 28 percent of the vote counted in New Jersey's gubernatorial race, Republican Chris Christie leads Democratic Gov. Jon Corzine 50 percent to 44 percent. Independent candidate Christopher Daggett has 6 percent of the votes counted so far.
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