Democratic Senate Candidate Discloses Finances

By: Associated Press
By: Associated Press

A Detroit-area congressman who is running for U.S. Senate has a deep investment portfolio of large-company stocks and municipal bonds.

U.S. Rep. Gary Peters says he had assets worth at least $970,000 and possibly as high as $3.9 million at the end of 2012. He's not required to be specific, only to put values in certain ranges. All members of Congress must file annual financial disclosure forms.

Peters, a Democrat from Oakland County, is running next year for the Senate seat held by Carl Levin, who is retiring.

Peters had stock in many large companies, including General Electric, AT&T, Procter & Gamble, Bristol-Myers Squibb and Wal-Mart Stores.

Former Michigan Secretary of State Terri Land is seeking the Republican nomination for Senate and also must disclose her finances.


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