ABC News:

Democratic jockeying for the White House in 2008 intensified on Sunday with Indiana Sen. Evan Bayh taking the first official step toward a run and Sen. Hillary Rodham Clinton gauging support among fellow New York lawmakers.

Bayh said he would set up an exploratory committee to raise money and help assess his prospects. He plans to decide over the upcoming holidays whether to seek the Democratic nomination and announce his decision early next year.

[..]Clinton, who easily won re-election to a second term on Nov. 7, "is reaching out to her colleagues in the New York delegation and asking for their advice and counsel and their support if she decides to make a run," a top adviser, Howard Wolfson, told The Associated Press.