McCain sets up PAC to seek fifth term in Senate

WASHINGTON (AP) — Sen. John McCain, whose presidential bid was snuffed out two weeks ago by President-elect 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 says the 72-year-old senator decided with his senior advisers Tuesday night to set up the fundraising PAC. The spokesperson spoke anonymously because the decision had not yet been made public...