The loftiest trial balloon yet from Rudy Giuliani’s camp was hoisted up on Monday night by Rep. Peter King, R-N.Y., who told reporters that the former New York mayor and 2008 candidate was leaning toward mounting a run.

A 2008 Giuliani aide told Power Play that key members of the old team are “staying loose” in anticipation of a potential run. He said the exploration seemed to have entered “a different phase” and that Giuliani had grown increasingly serious as the Republican field took shape.

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