Monday, November 28, 2011

Barney Frank is retiring

An influential member of the Democratic Party is stepping away from politics. Politico sent the following news alert at 10:07 a.m. EST:
Massachusetts Rep. Barney Frank, the ranking member of the House Financial Services Committee, will not seek reelection in 2012, his office has confirmed. Frank is a 16-term Democrat who last year helped pass the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Frank's spokesman, Harry Gural, said in a statement that Frank will hold a conference at 1 p.m. at Newton City Hall in Newton, Mass., to "formally announce and answer questions about his decision not to run for reelelection in 2012."

Gural said neither the congressman nor his staff will answer questions before the afternoon press conference.

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