Congress Reveals Lawmakers' Personal Mortgages

Friday, 15 Jun 2012 11:53 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A change in ethics laws has forced members of Congress to reveal mortgage information on their financial disclosure forms. The change was part of an ethics law that applied insider trading rules to the members and staff, The Washington Post reported.

The new filings reveal that Senate Majority Leader Harry Reid, D-Nev., owes between $100,000 and $250,000 on his home and Senate Minority Whip Jon Kyl, R-Ariz., owes more than $500,000 on a pair of mortgages for homes in Arizona and Arlington, the Post reported.

Reid has assets totaling at least $2.8 million. Senate Minority Leader Mitch McConnell, R-Ky., is worth at least $9.7 million House Speaker John Boehner, R-Ohio, is worth about $1.8 million. One of the contenders for the GOP vice presidential slot, Sen. Marco Rubio, R-Fla., disclosed a minimum of $550,000 in debt from loans and mortgages, according to the Post.

The senator still has at least $100,000 of debt from student loans he took out in the 1990s to pay for his undergraduate education at the University of Florida and his law degree at the University of Miami, the Post reported.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NC Court Releases Money in Halted School Voucher Program

Friday, 19 Sep 2014 15:27 PM

About 1,900 North Carolina students will be allowed to receive public money to attend private schools despite a finding  . . .

New EPA Water Rules Bring Beer War to a Head

Friday, 19 Sep 2014 14:20 PM

The beer industry is battling over a new Environmental Protection Agency regulation that gives the agency regulatory pow . . .

Al Jazeera Says Gore Isn't Entitled to $65 Million in Escrow

Friday, 19 Sep 2014 14:06 PM

Al Jazeera Satellite Network fired back at Al Gore, claiming in a lawsuit that the former U.S. vice president isn't enti . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved