Arlen Specter: Financial Problems Hastened Lott's Retirement

Arlen Specter: Financial Problems Hastened Lott's Retirement

Sen. Arlen Specter yesterday said it was his understanding that new regulations on lobbying by ex-lawmakers played a significant role in Sen. Trent Lott's decision to retire, contradicting what the Mississippi senator told reporters in his home state.

If he steps down at the end of the year, Mr. Lott, a Republican, will be able to begin lobbying after just a year's wait, rather than two.

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