ElectaPres.com : McCain opts out on funds

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February 13, 2008

McCain opts out on funds

The Washington Times

RICHMOND — Sen. John McCain will not accept public campaign financing for the primary election — freeing him from spending limits through September and giving him a chance to compete with his Democratic opponent.
The Arizona senator, who's on pace to effectively lock down the Republican nomination in today"s Potomac primaries, also picked up some high-profile endorsements yesterday.

Both Sen. Barack Obama and Sen. Hillary Rodham Clinton, the Democratic contenders, already have opted out of the public financing system, and Mr. McCain would have been at a severe disadvantage if he had been bound by the roughly $50 million overall spending cap and the state-by-state limits.

Posted by Editor at February 13, 2008 12:14 AM

[Filed under: McCain, Money]

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