Colorado governor sets up federal PAC before potential 2020 campaign

Colorado governor sets up federal PAC before potential 2020 campaign
© Greg Nash

Colorado Gov. John Hickenlooper (D) established a political action committee (PAC) on Monday, raising speculation that he may pursue a White House bid in 2020.

The Colorado Sun reported that Hickenlooper formed a federal leadership PAC called Giddy Up, which will allow him to fundraise up to $5,000 a year from individual donors. The money can be used to cover expenses related to political travel and policy development.

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The Sun reported that Hickenlooper, who will leave the governor's office because of term limits at the end of the year, has spent the summer talking with donors, party strategists and his family about the possibility of a presidential campaign.

The outgoing governor could also emerge as a challenger to Colorado Sen. Cory GardnerCory Scott GardnerBennet reintroduces bill to ban lawmakers from becoming lobbyists GOP warns Graham letter to Pelosi on impeachment could 'backfire' The Hill's Morning Report - Dem debate contenders take aim at Warren MORE (R), who faces reelection in 2020, the Sun reported.

Hickenlooper, 66, has long been rumored to be a potential candidate for national office, and he has not formally ruled out any plans for a presidential bid or another campaign. He traveled to Iowa earlier this year, though he poked fun at speculation it was related to presidential aspirations.

Hickenlooper has also denied rumors that he and outgoing Ohio Gov. John Kasich (R) could team up to form a bipartisan presidential ticket in 2020.