Rep. Spencer Bachus, R-Ala., announced that he will retire at the end of 2014 after more than 20 years in Congress. Bachus is a senior Republican member of the House Financial Services Committee and served as its chairman for two years beginning in 2010. "It has been the greatest privilege imaginable to serve as the representative of the people of Alabama in the United States House of Representatives. It is an honor that I never dreamed could have been possible for me and the words 'thank you' are far from adequate," Bachus said in a statement.

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