Massachusetts Rep. Barney Frank says he decided not to seek re-election to a 17th term in 2012 because congressional redistricting would have given him a slew of new constituents and a difficult, expensive campaign.
"I think I would have won," Frank, 71, said during a Monday press conference in Massachusetts announcing his retirement. "But it would have been a tough campaign."
Added Frank, who has led financial reform efforts on Capitol Hill: "I don't like raising money."
A federal judge nixed a $285 million settlement agreement between Citigroup and the Securities and Exchange Commission involving a major financial case. U.S. District Court Judge Jed Rakoff said the proposed agreement is "neither far, no reasonable, nor adequate, nor in the public interest." Under the deal, Citi would have settled charges that it misled investors in mortgage debt prior to the collapse of the housing market. Rakoff has been a persistent critic of the SEC's oversight of Wall Street. Guy Raz talks to NPR's Jim Zarroli for more.
Millions of voters go to the polls in the Democratic Republic of Congo Monday in only the second election in its history. The mood in the country is tense. The current president Joseph Kabila is deeply unpopular, but many in Congo believe he will go to any lengths to hold onto power. Melissa Block talks to NPR's Ofeibea Quist-Arcton.