Sen. Debbie Stabenow will kick off her re-election bid with about $3 million in the bank, according to the Associated Press.
The Michigan Democrat will also report raising $1.2 million in the first three months of this year.
Stabenow is running for a third term in 2012. Her race is expected to be competitive, although no Republicans have officially jumped into the fray yet. Several Republicans — including former Rep. Pete Hoekstra, former Michigan Secretary of State Terri Lynn Land and former state GOP Chairman Saul Anuzis — are considering entering the race.
From left, Rep. Christopher H. Smith, R-N.J., David Goldman, the father of a child who was abducted to Brazil by the mother, and Arvind Chawdra, a father whose two children were abducted to India by their mother, attend a news conference in the Rayburn House Office Building on international child abduction.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.