House Appropriations Committee Chairman David Obey (D-Wis.) announced today he will not seek re-election to the seat he has held since 1969.

Obey, whose panel controls all federal spending and has run the committee since 2007, is the highest ranking Democrat to announce that they won't stand for re-election this November. Many political analysts predict the party will lose seats.

Obey has not usually had difficult re-election races (he received 61% of the vote in 2008) but strategists said this year could have been different.

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