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July 25, 2008 7:26:20 AM CDT

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Mac Will Run With Public Funds

Posted Apr 21, 08 10:36 AM CDT in Politics 

(Newser) – John McCain will use public funds to finance his 2-month general-election campaign, Politico reports today. McCain's decision to take the $84.1 million available once he's officially nominated in September comes after the GOP candidate gave back $3.2 in donations pegged to the home stretch. McCain has raised $72 million thus far—to $236 million for Barack Obama and $195 million for Hillary Clinton.

Team McCain tried to stave off this decision by hiring top Bush-Cheney fundraisers, but the campaign grudgingly decided it simply couldn’t compete with Democrats' enthusiasm and 21st-century fund-raising capabilities. The Republican National Committee will be allowed to supplement pro-McCain advertising—though that could leave it short on funds for House and Senate candidates, Politico notes.

Source Politico

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US Republican Presidential candidate John McCain   (Getty Images (by Event) Individuals)
In this photo provided by ABC News, Republican presidential hopeful Sen. John McCain.   (AP Photo/ABC News, Lauren Victoria Burke)
US Republican Presidential candidate John McCain   (Getty Images)
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Barack Obama  • Hillary Clinton  • John McCain  • George W. Bush  • campaign fundraising  • RNC  • public financing


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