Wednesday, November 2, 2011

Roll Call: Congress Gets Richer

Posted By on Wed, Nov 2, 2011 at 8:31 AM

In preparation of the latest financial disclosures from Washington's power elite, a new study indicates—to not much surprise—that the rich in Congress are getting richer.

According to Roll Call, the newspaper of Capitol Hill, "members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25-percent increase over the 2008 total. Nearly 90 percent of that increase is concentrated in the 50 richest members of Congress."

In August, Idaho junior Sen. Jim Risch ranked 16th on the list, with assets totaling $20.1 million and $320,000 in liabilities. His net worth, $19.78 million, was up $90,000 from a year ago. No other Idaho congressman made the top 50 list.

A handful of members of Congress are worth tens or even hundreds of millions of dollars—the richest this year being Rep. Michael McCaul of Texas, worth a minimum of $294 million.

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