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Hatch announces he’s retiring after his current term

Washington • After 40 years in the Senate, Utah’s Orrin Hatch said Tuesday he plans to retire at the end of the year and not seek re-election, ending breathless speculation on whether the powerful senator would try for an eighth term.

Hatch, who has $4.7 million in his campaign account and a fundraiser scheduled this weekend, said he has been honored to serve and that he’s a fighter — but that the time has come.

“Every good fighter knows when to hang up the gloves,” the senator said in a video released by his office.