Obama Rejects Funding Limit
June 20, 2008
Democratic presidential candidate Barack Obama on Thursday rejected public financing for his campaign. In a video speech given yesterday, Obama told his supporters that he would refuse the $84 million in public funds available for the November general election. Under the funding limits, presidential candidate are barred from taking additional donations and limited to spending $84 million in the two months between the party conventions and the November election. Obama is the first candidate to do so since financing rules were passed in the 1970s.
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