The Note: Right Time, the Right Place, The Right Body, the Right Face

Rick Klein of the Boston Globe reports on the deep pockets of Sen. John Kerry; he earned between $14,700 and $42,300 from his personal investments, while his wife Teresa Heinz Kerry has made millions. Senior senator Ted Kennedy discloses his estimated earnings between $440,000 and $3.3 million from his trust funds which does not include his Hyannisport rental income or his Senate salary. LINK

"Sen. Ted Stevens (R-Alaska) made $822,000 last year from the sale of a controversial real estate investment with an Anchorage developer who had obtained a huge federal contract with his help, records show," the Los Angeles Times' Chuck Neubauer reports. LINK

The financial disclosure of Sen. Jon Corzine (D-NJ) show the former head of Goldman Sachs Group Inc. did quite well -- between $425,000 and $1.6 million worth of well -- last year after those who handle his blind trust managed his investments by betting Goldman stock would take a tumble, Bloomberg's Ryan Donmoyer and Kristen Jensen report in their examination of the Senate millionaires' club.

Suzanne Nelson of Roll Call examines the growing list of Senators who now disclose their net worth as more than $1 million (complete with a "to be sure" paragraph about spousal wealth!).

Roll Call's Mark Preston reports that Senate Majority Leader Bill Frist (R-TN) is looking to redefine his party's agenda and message in the coming months with a new task force/war room designed to move away from the social issues that have dominated the agenda and focus on other legislative priorities -- to the relief of some in the Republican ranks.

Erin Billings and Ben Pershing of Roll Call look at House Democrats' ginned-up ethics fight, as Rep. Louise Slaughter (D-NY) yesterday led the charge calling for the resignation of ethics committee chairman Doc Hastings and Rep. Jerry Nadler (D-NY) accused Rep. James Sensenbrenner of violating House rules during a hearing.

The Washington Post's Renae Merle details the $409 billion defense appropriations bill that the House is expected to consider this week -- including the cuts to the Lockheed Martin cruise missile program and the Northrup Grumman Corp. program to build a Navy destroyer. LINK

"House Republicans beat back a Democratic challenge Tuesday to Majority Leader Tom DeLay, defeating an effort to cut $200 million from NASA's Moon-Mars initiative and spend the money instead to aid local police," AP reports. LINK


Rep. John Shadegg (R-AZ) is reviving Dick Armey's "unity dinners" to help bring consensus to his caucus on immigration reform. LINK

House of Labor:

In his Washington Post column, Harold "Villaraigosa" Meyerson details what's happening in the unraveling AFL-CIO coalition. LINK

"In a sense, the leaders of American labor -- people who have spent their lives at the bargaining tables -- are engaging one another in a massive game of chicken. But such games can take on a life of their own, with all manner of unforeseen consequences. The Change to Win Coalition may begin as a modest group devoted to coordinating some joint organizing efforts by its member unions. But if those efforts grow, so will the financial demands on its members, which will then find themselves paying dues to both a full-fledged federation, so long as they stay in the AFL-CIO, and a new group that could look more and more like a federation rival. Under those circumstances, predicts the dissident leader, 'We're not going to pay double dues.'"

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