09/30/2010 04:36 pm ET | Updated May 25, 2011

Ted Kaufman To Replace Warren On Bailout Oversight Panel

Sen. Ted Kaufman, the outgoing Delaware senator who battled to break up major banks the past year, will replace Elizabeth Warren as chair of the Congressional Oversight Panel, an aide to Senate Majority Leader Harry Reid (D-Nev.) told HuffPost.

Reid initially appointed Warren to run the panel, launching her as a national champion of the middle class. The committee oversees the federal government's bailout of Wall Street.

Kaufman, a Democrat, was appointed to fill Joe Biden's remaining two years and will serve until a new senator is sworn in in November, after which he'll take over duties on the panel.

In a recent interview with HuffPost, Kaufman reflected on his time in the Senate.