New DNC Chairman: Rep. Debbie Wasserman-Schultz

Florida Rep. Debbie Wasserman-Schultz is expected to be named the new chair of the Democratic National Committee, replacing former Virginia Governor Tim Kaine who announced plans Tuesday to run for the U.S. Senate.

Wasserman-Schultz is one of the most high-profile members of the Sunshine State's congressional delegation and is known to be a formidable fundraiser. Florida is traditionally a crucial swing state in presidential elections and the RNC plans to hold its 2012 nominating convention in Tampa.