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McFadden launches U.S. Senate bid

(MPR Video/Tom Scheck) (MPR Video/Tom Scheck) Mike McFadden made his intentions known in a video release. He is the first official GOP candidate who will try to unseat incumbent Democrat Sen. Al Franken, who is seeking a second term. McFadden is co-CEO of Lazard Middle Market, a Minneapolis-based finance and asset management firm. It is a branch of Lazard Financial, a global investment bank. Franken has been raising money and organizing his campaign despite the lack of a challenger. He announced the hiring of Matt Burgess as his campaign manager.