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With likely Krolicki indictment, about that Senate race …

Published Monday, Nov. 24, 2008 | 3:04 p.m.

Updated Monday, Nov. 24, 2008 | 3:04 p.m.

WASHINGTON -- Just how badly would an indictment interfere with a campaign for U.S. Senate?

Lt. Gov. Brian Krolicki said today he is about to be indicted by the state’s Attorney General -- a “witch hunt,” he calls it -- over his handling of a college savings program as state treasurer, according to the AP (via Jon Ralston).

Krolicki, a Republican, is seriously considering challenging Democratic Sen. Harry Reid, the majority leader, who is up for re-election in 2010. It’s an election that couldn’t come fast enough for Republicans nationally who are itching to oust Reid.

Krolicki tells the Associated Press he’s “wholly innocent,” and believes he is being targeted by the Democratic AG.

The AP reports that in a letter to Attorney General Catherine Cortez Masto, the lieutenant governor’s lawyer said Krolicki’s "private and public professional lives will effectively be destroyed" by the attorney general's use of a secretive grand jury process.

Krolicki was the first to offer his name in the challenge against Reid, and in doing so he suggested the party should rally around him. But insiders insisted other candidates would still emerge.

Republican Rep. Jon Porter is often mentioned as a likely contender, even after he lost his congressional seat this month.

But Dina Titus, the Democratic congresswoman-elect who defeated Porter in this month’s election, doubted Krolicki or Porter would be viable against Reid. Raising money would be difficult for both, she said.

“I don’t think anybody will think they are serious challenges,” Titus said last week in Washington.

Porter has not discussed his post-Congress plans, but said recently he would “give it a little more thought” after the Thanksgiving holiday.

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