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Investment Banker Is First to Challenge Dole

Jim Neal (D), an investment banker and political fundraiser, became Democrats’ first big hope at toppling Sen. Elizabeth Dole (R) next year.

Neal announced last week that he plans to run for Senate. He said he would consider the possibility of spending some of his own money on the race.

Despite Dole’s perceived vulnerability, Democrats have failed to recruit a strong or wealthy — better yet, both — candidate who could deliver a formidable challenge to Dole. So far this cycle, Rep. Brad Miller (D) and Gov. Mike Easley (D) have turned down pleas from the Democratic Senatorial Campaign Committee to file for the primary.

— Matthew Murray

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