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The Bush administration has been hunting the Al-Qaeda chief since the September 11, 2001 attacks on New York and Washington with no success, despite US troops scouring Afghanistan's mountainous border with Pakistan where bin Laden is believed to be hiding.
Time magazine said Sunday the White House is likely to hike the bounty on bin Laden by the end of February acting on legislation passed in November by Congress, in a report to hit newsstands this week.
The report said the US State Department will also be mounting a new publicity blitz in a bid to snare the Saudi dissident.