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Rep. Jan Schakowsky (D-Ill.) has decided not to run for Senate in 2010, according to an announcement from her campaign. Schakowsky said Monday that she will run for re-election in her northern Chicago district instead of competing for the seat currently held by Sen. Rolland Burris (D-Ill.). In an online video from her campaign, Schakowsky said that based on polling and her travels around the state, she would have had a very strong chance of winning the Senate race. The five-term Democrat said, however, that a statewide bid would have made her divert too much time and energy to fundraising.I feel confident that I could raise the $10 million dollars needed for a primary race and the $16 million-plus needed for a general election campaign but to do it I would have to become a telemarketer five to six hours each day, she said. Even with Schakowsky out of the race, Senate Democrats are likely to have a competitive primary on their hands next year. Although state Treasurer Alexi Giannoulias (D) is the only announced candidate in the race so far, several other Democrats including state Attorney General Lisa Madigan and businessman Chris Kennedy are still mulling bids. Madigan is also weighing a bid for governor next year and is viewed as more likely to seek that post at this point. Kennedy, a son of the late Sen. Robert F. Kennedy (D-N.Y.), is considered likely to enter the Senate race. Whats more, Burris himself has yet to announce whether he will run for a full term, although many Illinois political operatives doubt he will do so. Rep. Mark Kirk (Ill.) is the most prominent Republican publicly considering running for the seat.