House Speaker Nancy Pelosi told The Hill "I guess he is still chair of Ways and Means..." when asked about the situation. In other words, there wasn't a whole lot of rainbows and sunshine coming from his boss.
Fourteen Democrats had pulled their support from Rangel, and Republicans are sponsoring a measure to remove him. R's would need thirty-nine Democrats in total, along with their entire 178-member House caucus, in order to forcibly remove Rangel from his post.
If Rangel is ousted, it is rumored that Rep. Sander Levin, (D-Mich) would replace him.