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Giannoulias not running for Chicago mayor

Alexi Giannoulias (D-IL) will not be running for mayor of Chicago, potentially setting up a fight between Giannoulias and former White House Chief of Staff Rahm Emanuel.

"To put all rumors to rest, before they get out of hand, Alexi is not running for Mayor," said Kathleen Strand, Giannoulias' campaign spokeswoman. "He didn't get into public service to just run for office. He believes in public service, and his plans are to faithfully serve out the remainder of his term as Treasurer and then pursue other opportunities. Alexi loves this City and will provide whatever assistance he can now or in the future to Mayor Daley, the City Council and the next Mayor."

Giannoulias lost a bid for Barack Obama's former Senate seat narrowly to Republican Rep. Mark Kirk.