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Senate candidate Peters discloses investments

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Steve Carmody/Michigan Radio
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DETROIT (AP) - A Detroit-area congressman who is running for U.S. Senate has a deep investment portfolio of large-company stocks and municipal bonds.

U.S. Rep. Gary Peters says he had assets worth at least $970,000 and possibly as high as $3.9 million at the end of 2012. He's not required to be specific, only to put values in certain ranges. All members of Congress must file annual financial disclosure forms.

Peters, a Democrat from Oakland County, is running next year for the Senate seat held by Carl Levin, who is retiring.

Peters had stock in many large companies, including General Electric, AT&T, Procter & Gamble, Bristol-Myers Squibb and Wal-Mart Stores.

Former Michigan Secretary of State Terri Land is seeking the Republican nomination for Senate and also must disclose her finances.

The Associated Press is an independent global news organization dedicated to factual reporting.
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