Mitch McConnel

Politics
9:55 am
Tue January 14, 2014

Analysis: Majority of Kentucky's Congressional Members are Millionaires

Six of Kentucky’s eight members of Congress are millionaires, and an analysis of financial disclosure reports filed last year also shows a Kentucky U.S. Senator and Congressman rank in the top 50 of most wealthy lawmakers.

Kentucky is far from alone when it comes to states with wealthy members of Congress. In fact, more than half of the U.S. Congressmen and Senators made the latest list of millionaires, the first time that has ever happened.

The analysis by the nonprofit Center of Responsive Politics shows that Sen. Mitch McConnell and Rep. John Yarmuth are the wealthiest lawmakers in Kentucky. Records show McConnell has a net worth of $22.8 million; Yarmuth has $21.2 million.

Nationwide, McConnell ranks as the 37th wealthiest member of Congress, with Yarmuth 41st.

Congressmen Brett Guthrie, Ed Whitfield, Hal Rogers, and Thomas Massie also made the list of millionaires. That leaves Senator Rand Paul and Congressman Andy Barr as the only members of Kentucky’s delegation not on the list.

Politics
10:28 am
Sat December 8, 2012

McConnell: President Obama is Asking for Too Much in Fiscal Cliff Deal

U.S. Sen. Mitch McConnell said he hopes a deal can be hatched to avoid the fiscal cliff,  but that talks so far have not gone well.

McConnell said President Barack Obama is asking for a new stimulus package -- the unlimited ability to raise the debt ceiling and more than $1 trillion in new tax revenues.

And those proposals are not something Republicans want to concede, McConnell said.

Still, McConnell said he's hopeful a deal can be reached to avert the tax increases and large budget reductions scheduled to go into effect on Jan. 1.

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Economy
2:47 pm
Fri December 7, 2012

McConnell, Paul Call for Disaster Declaration

The 2012 drought had led to very low water levels on the Mississippi River.

U.S. Sens. Mitch McConnell and Rand Paul are urging Gov. Steve Beshear to seek a federal disaster declaration because of the potential economic consequences of a drought that has led to low water levels on the Mississippi River.

Beshear said Friday he appreciates their concern and that he's closely monitoring the situation.

McConnell and Paul said in a letter to Beshear on Thursday that commercial traffic on the river could "come to a complete halt in coming days" unless the U.S. Army Corps of Engineers takes action to increase the water flow.

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Fiscal Cliff Negotiations
10:38 am
Thu December 6, 2012

McConnell Says Debt Ceiling Increase Won't Pass

Credit aoc

As the rhetoric continues over the so-called “fiscal cliff", Senate Minority Leader Mitch McConnell says a permanent debt ceiling increase is “not going to happen.”

McConnell went to the Senate floor to argue against President Obama’s call for authority to permanently raise the debt limit. The Republican from Louisville says giving the President that authority would be a step in the wrong direction and could make it more difficult to reduce federal spending.

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