Michael Steele to run for second term at RNC

The Fix:

"Republican National Committee Chairman Michael Steele announced Monday night that he will seek another term as chairman of the committee next month.

Steele announced the decision on a conference call with members of the RNC, several of whom confirmed his decision to The Fix.

The embattled chairman had been weighing whether to seek another term after an election cycle in which Republicans made substantial gains but major financial problems beset the committee, leaving it unable to fully fund its usually formidable get-out-the-vote operation. The committee also enters the 2012 campaign -- where it will play a prominent role in backing a presidential nominee -- in significant debt."