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Catherine Hanaway is out of the 2008 Attorney General race.

This certainly changes the dynamics.

Hanaway broke months of speculation today when she announced she would not jump into the increasingly intriguing race for Missouri Attorney General. Instead, she will finish out the last 14 months of her term as a United States Attorney in the Eastern part of the state.

But the former Speaker of the House concedes that the decision to stay out of the race wasn’t easy….

Let’s see, could Catherine Hanaway raise money and run for office without resigning?

STANDARDS OF CONDUCT [United States Attorneys’ Manual]

1-4.410

Restrictions on all Employees
  Employees in the Department of Justice may not:

  A. Use their official authority or influence to interfere with or affect the result of an election (5 U.S.C. §7323(a)(1).
  B. Solicit, accept or receive a political contribution (5 U.S.C. §7323(a)(2), except for a political contribution to a multi-candidate political committee from a fellow member of a federal labor organization or certain other employee organizations, as long as the solicited employee is not a subordinate and the activity does not violate G below.
  C. Solicit, accept, or receive uncompensated volunteer services from an individual who is a subordinate (5 C.F.R. § 734.303(d)).
  D. Allow their official titles to be used in connection with fundraising activities (5 C.F.R. §734.303(c)).
  E. Run for nomination or election to public office in a partisan election (5 U.S.C. §7323(a)(3)), except that in certain designated communities an employee may run for office in a local partisan election but only as an independent candidate and may receive, but not solicit, contributions. 5 C.F.R. §733.107 lists these communities.
  F. Solicit or discourage the political activity of any person who is a participant in any matter before the Department (5 U.S.C. § 7323(a)(4)).
  G. Engage in political activity (to include wearing political buttons), while on duty, while in a government occupied office or building, while wearing an official uniform or insignia, or while using a government vehicle (5 U.S.C. §7324(a).
  H. Make a political contribution to their employer or employing authority (18 U.S.C. 603).

  [Updated February 1998]

1-4.420

Restrictions on Career SES, Criminal Division, and FBI Employees, and all Political Appointees
  These employees may not:

  A. Distribute fliers printed by a candidate’s campaign committee, a political party, or a partisan political group.
  B. Serve as an officer of a political party, a member of a national, state, or local committee of a political party, an officer or member of a committee of a partisan political group, or be a candidate for any of these positions.
  C. Organize or reorganize a political party organization or partisan political group.
  D. Serve as a delegate, alternate, or proxy to a political party convention.
  E. Address a convention, caucus, rally, or similar gathering of a political party or partisan political group in support of or in opposition to a candidate for partisan political office or political party office, if such address is done in concert with such a candidate, political party, or partisan political group.
  F. Organize, sell tickets to, promote, or actively participate in a fund-raising activity of a candidate for partisan political office or of a political party or partisan political group.
  G. Canvass for votes in support of or in opposition to a candidate for partisan political office or a candidate for political party office, if such canvassing is done in concert with such a candidate, political party, or partisan political group.
  H. Endorse or oppose a candidate for partisan political office or a candidate for political party office in a political advertisement, broadcast, campaign literature, or similar material if such endorsement or opposition is done in concert with a candidate, political party, or partisan political group.
  I. Initiate or circulate a partisan nominating petition.
  J. Act as a recorder, watcher, challenger, or similar officer at polling places in consultation or coordination with a political party, partisan political group, or a candidate for partisan political office.
  K. Drive voters to polling places in consultation or coordination with a political party, partisan political group, or a candidate for partisan political office.
  L. Run as partisan candidates for local partisan political office even in those communities listed in 5 C.F.R. §733.107 in which other Department of Justice employees may run for office. However, they may run as independent candidates in a partisan political election for a local office in the municipality or political subdivision, except for those appointed by the President with the advice and consent of the Senate. See 5 C.F.R. 733.105(b) and (c)(1).

  The restrictions listed above A through L apply only to Career SES, Criminal Division, FBI Employees, and all Political Appointees, and are permissible activities for all other employees.

Uh, yep. Other candidates are raising serious money. She wouldn’t be able to keep up without resigning. All the action is going to be in the Democratic Party primary.