Democrat Max Baucus, the senior senator from Montana, will not seek reelection to his seat in 2014. The Washington Post reports:

Senate Finance Committee Chairman Max Baucus (D-Mont.) is retiring rather than seek re-election in 2014, according to two senior Democratic strategists familiar with his plans.

First elected in 1978, Baucus has been the top Democrat on the powerful committee since 2001. The likely Democratic candidate to succeed him would be former governor Brian Schweitzer, sources said.

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