CORRECTED-Top U.S. Democrat Baucus, head of finance panel, to retire -aide

Tue Apr 23, 2013 10:45am EDT

(in second paragraph, read eighth senator sted seventh)

WASHINGTON, April 23 (Reuters) - U.S. Democratic Senator Max Baucus of Montana, chairman of the powerful Senate Finance Committee, will not seek re-election to a seventh term next year, a Democratic aide said on Tuesday.

Baucus will become the eighth senator to announce plans to retire at the end of next year. (Reporting By Thomas Ferraro and Kim Dixon; Editing by Bill Trott)