Thursday, July 21, 2005

Leaving the House -- With no $700,000 Windfall This Time

The California Congressman in trouble for questionable money ties to a defense contractor is calling it quits. Rep Randy "Duke" Cunningham (R-CA) says he won't run for re-election.

Rep Cunningham sold his house for $700,000 more than it was worth to a contractor who suddenly got a ton of defense contracts via Rep Cunningham's committee. The good Congressman -- now homeless -- then took up rent-free residence on the contractor's yacht. (CNN)

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