Emanuel for Mayor

Rahm Emanuel says he's interested.

White House chief of staff Rahm Emanuel, who said in an interview Monday that he wants to become Chicago mayor, has a warchest of nearly $1.2 million left over from his career in Congress, Federal Election Commission records show.

The balance in the fund named Friends of Rahm Emanuel was $1.175 million at the end of March, records show.

Jan Witold Baran, an attorney in Washington, D.C., who is an expert in campaign finance laws, said nothing in federal law would prevent Emanuel from transferring the money to another political organization. And Illinois law also would allow the funds to be used for a local race such as mayor.

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