THE HILL – Senate Finance Committee Chairman Max Baucus (D-Mont.) is retiring, a source has told The Hill.
The longtime chairman of the Senate’s tax-writing panel faced a difficult reelection contest in Montana, a state easily won by Republican Mitt Romney in the 2012 presidential election.
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Baucus’s retirement complicates Democratic hopes of holding the seat — and the Senate.
Baucus is the sixth Senate Democrat to announce his retirement this election cycle, and in five of those states the race for the open seat could be competitive.
The other retiring Democrats are Sens. Tom Harkin (Iowa), Jay Rockefeller (W.Va.), Tim Johnson (S.D.), Carl Levin (Mich.) and Frank Lautenberg (N.J.).
Read more at The Hill.
