John McCain Moving Toward Possible 2008 Presidential Bid

Republican Sen. John McCain said Sunday he is moving toward a possible 2008 presidential run by "doing things organizationally and legally" but will not make a final decision until early next year.

McCain, considered the front-runner for his party's presidential nomination, said he could launch an exploratory committee as early as this week.

"Are we doing the things organizationally and legally that need to be done? Yes," he said. "There are certain things legally you have to comply with in order to continue to raise money and set up an organization."

"The important thing is we will not make a decision until I sit down with my family, but we will be prepared," McCain said.