Grimm Leaving House Financial Services Panel

Grimm Leaving House Financial Services Panel
(Washington) -- Republican Congressman Michael Grimm says he's stepping down from the House Financial Services Committee. The announcement came hours after he was indicted on fraud charges. In his letter to House Speaker John Boehner , Grimm said he was asking to be removed from the committee "in light of recent events." A Boehner spokesman says the speaker believes Grimm's decision is "appropriate under the circumstances." Grimm pleaded not guilty Monday to charges of allegedly concealing more than a million dollars through a New York restaurant he ran. He faces up to 20 years in prison if convicted.