Grapevine the Millionaires Club: Take the Money and Run

The Senate has long been a haven for the rich, but some enterprising House members aren't doing so badly themselves. Under a House rule, Congressmen elected in 1980 or earlier are allowed to "convert" unspent funds in their campaign war chests to their personal use if they leave the House by 1992. With the deadline closing in, at least six members who have accumulated $1 million or more could decide to cash in. New York Democrats Stephen Solarz and Charles Schumer may be fighting for the same seat after their districts are reapportioned, and both are considering challenging Republican Senator Alfonse...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!