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BEGIN TRANSCRIPT RUSH: So Barney Frank is retiring from Congress. He's not going to seek reelection. He's gonna announce it in less than an hour -- well, he's announced it. He's gonna tell us why in less than an hour. I've been looking into this, and the basic reason, well, it's partly to spend more time with the family. (laughing) What family? I don't know, folks. Figure it out. It's a redistricting thing. His district has been rewritten in such a way that he probably could not win it is what really has gone down there and that's pretty much...

Rep. Barney Frank announced Monday that he will not seek election to a 17th term. While the seat will definitely lean toward the Democrats, the election to replace Frank will likely be somewhat competitive. Massachusetts lost a seat in the 2010 decennial redistricting. In addition to eliminating that seat, state Democrats wanted to shore up the party’s performance in the former 10th district, in southeastern Massachusetts. As such, Frank's district was changed fairly dramatically, and about half of it would have been new territory for him. In particular, the district lost some white working-class towns in the southern portion of...

Wall Street executives already are bracing for the possibility that Rep. Maxine Waters (D-Calif.) will take over as the senior Democrat on the House Financial Services Committee from Rep. Barney Frank (D-Mass.). Waters is in line for Frank’s spot and could become chairwoman of the panel if Democrats retake the House. Frank will announce Monday that he will not seek another term in the House. The California liberal is seen as to the left of Frank, the architect of 2010’s Wall Street reform bill, on financial issues. While banks and other financial institutions often battled Frank, he was seen as...

Conventional wisdom in D.C. has it that House minority leader and former Speaker Nancy Pelosi will have a hard time staying in the leadership if Democrats do not retake the House next year. Veteran lawmaker Barney Frank’s retirement does not bode well for that prospect.

We Could Use A Lot More Barney Franks In Today’s Dysfunctional Congress By Jonathan Bernstein The great Barney Frank is announcing today that he’ll retire at the end of this Congress. He’ll turn 72 in March and he’s entitled to a retirement, but he’ll be missed. His career is a reminder that even in a very partisan era, individual Members of Congress really can make a tremendous difference as legislators, and can even show that Congress — whose popularity is at record lows — can rise up to the Framers’ highest ideals in creating it. Barney Frank is funny —...

<p>Congressman Barney Frank of Massachusetts has said he will not seek re-election for 2012.</p> <p>Frank chaired the House Financial Services Committee for four years, culminating in his sponsored the financial regulation overhaul known as “Dodd-Frank.”</p>

Rep. Barney Frank won't seek re-election Posted by CNN Wire Staff (CNN) - Massachusetts Congressman Barney Frank, a 16-term Democrat, will announce Monday he does not intend to seek re-election in 2012........