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McCain's in, but Feingold's out

From NBC's Elizabeth Wilner
Democratic Sen. Russ Feingold is using the occasion of his 1000th listening session with Wisconsin voters to announce that he's not going to run for president in 2008 and will focus instead on his work in the Senate, where his party is soon to be in the majority.

"Although I have given it a lot of thought, I cannot muster the same enthusiasm for a race for President while I am trying simultaneously to advance our agenda in the Senate," Feingold wrote in an e-mail to supporters. "In other words, if I really wanted to run for President, regardless of the odds or other possible candidates, I would do so. However, to put my family and all of my friends and supporters through such a process without having a very strong desire to run, seems inappropriate to me."

The other half of the McCain-Feingold campaign finance reform team, meanwhile, explains to NBC's Tim Russert the reasons why he IS running for president on Meet the Press this morning...