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Sen. Gary Peters. Photo: Chip Somodevilla/Getty Images

Incoming Senate Majority Leader Chuck Schumer is poised to name Sen. Gary Peters to head their party's Senate fundraising arm for the pivotal midterm elections, a move he hopes will allow him to retain his title, according to four people familiar with the matter.

Why it matters: As chair of the Democratic Senatorial Campaign Committee, Peters will be tasked with raising the enormous amounts of money Democrats will need to preserve their razor-thin majority. The appointment is something of a surprise, given the Michigander is viewed as a low-key Midwesterner.

  • Schumer advisers are in discussions with Christie Roberts, a Democratic strategist who was instrumental in the party's two Georgia Senate victories, to serve as executive director.
  • There also are plans to name newly elected New Mexico Sen. Ben Ray Lujan as vice chairperson for the committee.
  • The Huffington Post reported this evening that Peters was a "key prospect" for the job.

What to watch: Several Republican senators are retiring in 2022 in key states, including Pennsylvania and North Carolina.

  • But Democrats in red states like soon-to-be Sen. Raphael Warnock of Georgia as well as Sen. Mark Kelly of Arizona also are facing tough reelection fights.

The big picture: Peters just won reelection in a tight race in Michigan, but he didn't trounce his opponent, Republican John James. He also underperformed compared to Biden, winning by about 65,000 fewer votes than the president-elect.

  • But Peters won Michigan in 2020 with a margin eight times larger than Trump in 2016.
  • The safety net is that Peters will be executing orders from Schumer, himself a former DSCC chair. He has strong opinions on how to preserve his position as majority leader and won't be shy about sharing them.
  • Sources close to the process cautioned the decision wasn't final.

Go deeper

Schumer rattles reconciliation saber

More than an aisle separates Mitch McConnell and Chuck Schumer, seen in the Senate Chamber after the Capitol siege. Photo: Drew Angerer/Getty Images

Chuck Schumer is expected to telegraph, as soon as tonight, that he will use his political muscle to pass some of his party’s priorities — like President Biden's $1.9 trillion stimulus package.

Why it matters: While the Senate majority leader wants to work with Republicans on key legislation, advisers say, he will make clear that using the simple majority vote inherent in the budget reconciliation process is one of the big sticks at his disposal.

Top Democrats introduce bill to raise minimum wage to $15 by 2025

Sen. Bernie Sanders (I-Vt.), Speaker of the House Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles Schumer (D-N.Y.) Photo: Chip Somodevilla/Getty Images

A group of top Democrats on Tuesday introduced legislation to gradually increase the federal minimum wage to $15 per hour over five years.

Why it matters: The policy, which has widespread support among Democratic lawmakers, aligns with what President Joe Biden has called for in his emergency COVID-19 relief package. It would more than double the current minimum wage of $7.25.

John Hinckley, who shot Reagan, wins unconditional release

John Hinckley Jr. sitting on the back seat of a car in 1981. Photo: Bettmann / Getty Images

A federal judge on Monday approved the unconditional release of John Hinckley Jr., who tried to assassinate former President Reagan in 1981.

State of play: U.S. District Court Judge Paul L. Friedman in Washington ruled that Hinckley can be freed from all court supervision in 2022 if he remains mentally stable and continues to follow rules that were imposed on him after he was released from a Washington mental health facility in 2016 to live in Virginia, AP reports.

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