Accountability Review Board was set to suggest Lerner's removal, per congressional sources.
— Aaron Blake (@AaronBlakeWP) September 23, 2013
Lois Lerner is retiring http://t.co/6oRZCXe0eT
— Aaron Blake (@AaronBlakeWP) September 23, 2013
Accountability Review Board was set to suggest Lerner's removal, per congressional sources.
— Aaron Blake (@AaronBlakeWP) September 23, 2013
Lois Lerner is retiring http://t.co/6oRZCXe0eT
— Aaron Blake (@AaronBlakeWP) September 23, 2013
Sen. John McCain (R-Ariz.) hinted that he may be serving his last term in office, admitting that he does not want to become “one of these old guys that should’ve shoved off.”
McCain, a 27-year veteran of the senate and former presidential candidate, made the admission while speaking about his relationship with President Obama.
“The president and I, he’s in his last term, I’m probably in mine, the relationship we have had over the past three years is quite good,” McCain told The Wrap in an interview. “Quite good.”
Don't let the door hit you an the a$$ on the way out Barney.The Hill:
Rep. Barney Frank (D-Mass.) announced Monday that he will not seek reelection in 2012, ending a three-decade career in the House.
Frank, 71, is the top Democrat on the Financial Services Committee and the architect, with former Sen. Chris Dodd (D-Conn.), of the sweeping Wall Street regulatory reform law enacted in 2010.
He announced his decision at an afternoon press conference in his hometown of Newton, Mass., where he said redistricting played a major role in his retirement.
"I was planning to run again, and then congressional redistricting came," Frank said.
Well, it turns out that working longer is indeed an option, according to the Employee Benefit Research Institute latest study. The only problem is that the latest research shows that you’ll have to work much longer than you anticipated. In fact, many Americans will have to keep on working well into their 70s and 80s to afford retirement, according to the study, titled “The Impact of Deferring Retirement Age on Retirement Income Adequacy.”
What’s more, it’s even worse for low-income workers, according Jack VanDerhei, one of the co-authors of the study. Those who earned (on average over the course of their careers) less than $11,700 per year, the lowest income quartile, would need to defer retirement till age 84 before 90% of those households would have just a 50% chance of affording retirement.
Those who earned between $11,700 and $31,200 will need to work till age 76 to have a 50% chance of covering basic expenses in retirement. Those who earned between $31,200 and $72,500 will need to work to age 72 to have a 50% chance and those who earned more than $72,500, those in the highest income quartile, catch a break; they get stop working at age 65 to have a 50/50 chance of funding their retirement.
(WaPo)- Sen. James Webb (D-Va.) has announced that he will not run for reelection in 2012.
Webb’s decision, long anticipated by many in Virginia politics, will make his seat more difficult to hold for his party. Ex-Sen. George Allen (R), who lost the seat in 2006 to Webb, is running to win it back, and a handful of other GOP candidates are also running. Jamie Radtke (R), former chairwoman of the Virginia Tea Party Patriots Federation, is also running for the seat.
Some Democrats hope ex-Gov. Tim Kaine will decide to run for the seat, but he has given no indication yet that he is interested.

“Gen. Stanley McChrystal will retain his four-star rank when he retires from the military, the White House said Tuesday. The decision means the general will earn about $149,700 per year before taxes in military retirement pay.”
Army rules state a four-star general must serve three years before they can retain the rank in retirement. But the president can bypass the rule if he chooses to do so.

Bone-tired and facing a tough political landscape at home, House Appropriations Committee Chairman David Obey announced Wednesday that he won’t seek reelection, ending a 41-year House career stamped by his unique talent and tempestuousness.
Rarely does a committee chairman of such power just walk away, and Obey’s decision is a blow to Democrats and marks the passing of one of the last major leaders of the 1970’s reforms that reshaped the modern House.
“I am ready to turn the page, and frankly, I think that my district is ready for someone new...

House Majority Leader Steny Hoyer, D-Md., told reporters today that the Tea Party movement is making some members of Congress mull retirement.

Michigan Democratic Rep. Bart Stupak, who was the central figure in the abortion debate surrounding the health care law, will retire from Congress at the end of this term.

“Every election cycle, I take my time, I think it through, and I think, not about whether I can win or lose, but: ‘Am I in a position to make a difference?’ ’’ Delahunt, a Quincy Democrat, said in a telephone interview. “Can I achieve what I want to achieve outside of public life?’’
.....Republicans see a chance to recapture one of the state’s conservative districts...

Arkansas Rep. Marion Berry is expected to announce his retirement tomorrow morning, according to three sources briefed on the decision.
Berry will become the sixth Democrat in a competitive seat to leave in the last two months but the first to announce his retirement since the party's special election loss in Massachusetts last Tuesday.
His decision came as a surprise to House Democrats, and will surely heat up the speculation that other vulnerable House Democrats are looking towards the exits.
“With this being the third retirement by a swing-district Democrat in as many weeks, it is clear that members of the Majority are feeling the ground shaking beneath them," said National Republican Congressional Committee chairman Pete Sessions, in a statement released less than a hour after news of Baird's retirement broke.

Supreme Court Justice David Souter has reportedly decided to retire from the Supreme Court, a move that will provide President Barack Obama his first opportunity to nominate someone to the nation's highest court.
The White House has been told that Souter will retire in June, when the court finishes its work for the summer, a source familiar with his plans said Thursday night. He almost certainly would remain on the bench until a successor is confirmed.
FOX News has not independently confirmed the report. The source spoke to The Associated Press on condition of anonymity because he was not authorized to speak for Souter.