Sen. Jim Bunning, a member of the Banking Committee who often supported credit unions and criticized the Federal Reserve, announced today he will not seek re-election when his term expires next year.
Bunning (R-Ky.) was considered vulnerable both in the GOP primary and the general election because his poll ratings were low, is serving his second, six-year term.
"Over the past year, some of the leaders of the Republican Party in the Senate have done everything in their power to dry up my fundraising. The simple fact is that I have not raised the funds necessary to run an effective campaign for the U.S. Senate. For this reason, I will not be a candidate for re-election in 2010," he said in a statement.
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