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Term-limited Maryland Gov. Larry Hogan raised money and launched a political action committee on Wednesday amid speculation he will run for president in 2024, telling hundreds of supporters he'll make a decision after he leaves office in January.

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This is a big election year in Maryland, long a blue state that became majority-minority over the past decade, with statewide races for governor, attorney general and comptroller, all 188 seats in the General Assembly, the state’s eight U.S. House seats and a U.S. Senate seat.