Rangel to Stay in Powerful Congressional Post

There will be no shake up at the congressional Ways and Means committee.

The dean of the New York delegation, Congressman Charlie Rangel, never considered stepping down from his powerful seat as chairman of the tax-writing committee. That's according to his lawyer, Lanny Davis, who held a conference call with reporters earlier today.

DAVIS: Mr. Rangel has not considered, nor has it ever been on the table, that he would step aside from his current position as chairman of the House Ways and Means Committee.

REPORTER: Davis says Rangel plans to hire a private accounting firm to investigate all of his tax returns from the past 20 years.

The report will then be given directly to the House Ethics Committee which is reviewing questions about Rangel's tax returns, and handling of payments for a beach property in the Dominican Republic.