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Tuesday, April 23, 2013 - 9:50am
(CNN) — Longtime Montana Senator Max Baucus will not seek re-election next year.Officials tell CNN the democrat has decided to retire after his sixth term. Baucus is the chairman of the Senate Finance Committee.
According to federal reports, he has nearly five million dollars in his campaign war chest, but was expected to face a tough bid for re-election in his republican-leaning home state.
Baucus becomes the sixth senate democrat to announce his retirement this election cycle.