McCain Will Run for Fifth Term in Senate

His advisers begin setting up a political action committee
By Newser Editors and Wire Services
Posted Nov 18, 2008 7:14 PM CST
Sen. John McCain, R-Ariz., enters a Republican Caucus on Capitol Hill in Washington, Tuesday, Nov. 18, 2008.    (Gerald Herbert)
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(Newser) – Sen. John McCain, whose presidential bid was snuffed out two weeks ago by Barack Obama, is setting up a political action committee as a first step in running for a fifth term in the Senate. A McCain spokesperson said the 72-year-old Arizona senator decided with his senior advisers tonight to set up the fundraising PAC. The spokesperson spoke anonymously because the decision had not yet been made public.