In 2013, the average net worth of U.S. Senators was $10.87 million and $7.15 million for Representatives. While wealth in the Senate has steadily decreased since it peaked in 2007 at $17.09 million, the average net worth of House members has been on the rise after it fell briefly to $4.66 million in 2008.
This week, the framework of a deal on curbing Iran's nuclear capabilities was announced. Existing stockpiles of enriched uranium will be reduced by 97 percent, centrifuges by two-thirds, along with what President Obama called a "robust and intrusive" inspection regime -- if adhered to, the deal would make a bomb impossible for at least 10 years. "It will make our country, our allies and our world safer," said Obama. In short, a tentative victory for all. Except, of course, those cheerleaders of the disastrous Iraq War pining to launch a sequel. Speaker Boehner vowed to ask "tough questions" -- something Congress failed to do 12 years ago in the run up to Shock and Awe. And Sen. Mark Kirk has already trotted out the Iraq playbook, predicting this is "going to end with a mushroom cloud somewhere near Tehran." But at least this time around we have a much clearer picture of what listening to cynical references to mushroom clouds can lead to.
March 31 was U.S. Rep. Aaron Schock's last day in office after resigning from Congress following questions about possibly improper spending. But while the resignation and fall from public favor have been a disappointment for Illinoisans and the national Republican Party, Capitol Fax's Rich Miller says Schock could still have better days ahead of him.
The defeat of AIPAC's ill-advised push for new sanctions on Iran in the midst of successful negotiations is nothing short of historic. The powerful and hawkish pro-Israeli lobby's defeats are rare and seldom public. But in the last year, it has suffered three major public setbacks, of which the sanctions defeat is the most important one.