By Sher Zieve – Former DNC Chairman Terry McAuliffe is reported to have been chosen by Sen. Hillary Clinton (D-NY) to run her 2008 presidential campaign. Although McAuliffe has said that Clinton’s presidential run is still up in the air, The Hill reported Wednesday McAuliffe has already been chosen to manage the Senator’s presidency bid.

The Hill advised that Clinton is still considered to be the favorite for a Democrat nomination and, with McAuliffe in charge, would be able to raise $100MM before the 2008 Iowa caucuses.