Former Sen. Russ Feingold Launches 'Progressive Movement'

Former Wisconsin Sen. Russ Feingold, regarded as liberal but independent during his three terms in the Senate, says he is starting a "progressive" movement to support like-minded candidates and fight the influence of corporate money in campaigns.

Feingold, who was defeated in his bid for reelection in November, has rejected calls from some liberal voices to challenge President Obama as a candidate of the political left in the 2012 Democratic primaries. Instead of returning to electoral politics, he said in a new video he's forming Progressives United, a group that will have a political action committee to raise money and back candidates that "uphold our progressive ideals."