Legal Trouble for Senator Bob Menendez May Hurt Dems: The Kiplinger Letter
Menendez stepped down as chairman of the Senate Foreign Relations Committee but contends he will run for reelection in 2024.
To help you understand what is going on in politics and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
The legal woes of Senator Bob Menendez (D-NJ) could hurt Democrats in both the Senate and the House. Menendez has stepped down as chairman of the Senate Foreign Relations Committee but has otherwise refused to budge and insists he is running for reelection in 2024.
Menendez and his wife, Nadine, were indicted on charges that they conspired to act as foreign agents for Egypt. They are accused of accepting “hundreds of thousands of dollars in bribes” in exchange for the senator’s influence. Menendez was chairman of the Senate Foreign Relations Committee at the time of the alleged actions.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
As long as Menendez sticks to his plan to run for reelection, he will likely struggle on the campaign trail, as was the case in 2018, when he notably underperformed despite the failure of an earlier corruption case. He will also force other Democratic candidates to answer for his conduct, which is not an ideal situation, as the party defends its razor-thin majority in the chamber.
Plus, resistance to Menendez could open up a competitive House seat. Representative Andy Kim (D-NJ) has filed to challenge Menendez in the primary, which would help Democrats skirt the problems of Menendez’s reelection campaign. Kim’s district — the 3rd district of New Jersey — got significantly bluer during the last round of redistricting. But this district has historically leaned Republican and might be within reach if the GOP is poised to do as well as current polling suggests. The GOP hopes to shore up its nine-seat majority in the chamber in next year’s elections.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Sean Lengell covers Congress and government policy for The Kiplinger Letter. Before joining Kiplinger in January 2017 he served as a congressional reporter for eight years with the Washington Examiner and the Washington Times. He previously covered local news for the Tampa (Fla.) Tribune. A native of northern Illinois who spent much of his youth in St. Petersburg, Fla., he holds a bachelor's degree in English from Marquette University.
-
You Don’t Want to Retire in Portugal: Here Are Three Tax Reasons Why
Retirement Taxes With the NHR benefit retiring and pension taxes increasing, you might rethink your retirement plans in Portugal.
By Kate Schubel Published
-
Home Depot's Winning Ways Fueled Its 100,000% Return
Home Depot's wide moat leaves little room for competition – and shareholders have profited as a result.
By Louis Navellier Published
-
Trump’s Whirlwind Month of Crypto Moves
The Kiplinger Letter The Trump administration wants to strengthen U.S. leadership in the cryptocurrency industry by providing regulatory clarity.
By Rodrigo Sermeño Published
-
Trump's Foreign Policy Overhaul
The Kiplinger Letter Trump’s return as president sees the commander in chief aiming to complete the shift to an “America first” policy that started in his first term.
By Matthew Housiaux Published
-
AMT and Pass-Throughs Add Complex Layers to 2025 SALT Tax Planning
The Tax Letter The state and local tax (SALT) deduction is a key sticking point in President Trump's tax plan.
By Joy Taylor Published
-
Donald Trump Tests His Limits
The Kiplinger Letter President Encounters Legal Obstacles in Pursuit of Ambitious Agenda.
By Matthew Housiaux Published
-
Six Hurdles for Trump's Tax Bill
The Tax Letter While the odds for a new tax bill in 2025 are quite good, there are some sticking points that President Trump and Congress will have to work through.
By Joy Taylor Published
-
What Could Derail the Economy This Year?
The Letter While the outlook for the U.S. economy is mostly favorable, there are plenty of risks that bear watching.
By David Payne Published
-
Three Ways President Trump Could Impact the Economy
The Letter Some of Trump's top priorities could boost economic growth, but others risk fueling inflation.
By David Payne Published
-
10 Predictions for 2025 from The Kiplinger Letter
The Kiplinger Letter As 2025 arrives, here are our top 10 forecasts for the new year.
By Letter Editors Published