Nov. 2 (Bloomberg) -- U.S. House Financial Services Committee Chairman Barney Frank of Massachusetts won a 16th term, the Associated Press said, fending off a challenge from a Tea Party-backed challenger.
Frank, 70, had faced one of his toughest re-election fights against businessman Sean Bielat, 35, who seized on the Massachusetts Democrat’s role in the 2008 Wall Street bailout and this year’s overhaul of financial-industry regulations.
Frank had 61 percent of the vote to Bielat’s 36 percent with 64 percent of precincts reporting.
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