Sen. Mark Warner will join like-minded moderates in the House on Wednesday to brief Members about the recently brokered “gang of six” agreement.
The Virginia Democrat, a rising star within moderate circles, will update members of the New Democrat Coalition on the $3.7 trillion deficit reduction outline that has garnered wide support in the Senate but a tepid response in the House.
About 50 Senators from both parties were briefed on the plan Tuesday. Leaders in the Senate cautioned the plan might have come too late to be effective in the ongoing debt limit discussions, but further briefings are nevertheless expected on the House side as Members grasp for a deficit reduction solution that can pass both chambers.
President Barack Obama had kind words for the group’s plan, and the stock market rose in anticipation that the talks might be able to yield a deal.
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.