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FEC Cuts Off Funds for Sharpton Campaign

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Khephra Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-03-04 07:52 PM
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FEC Cuts Off Funds for Sharpton Campaign
WASHINGTON -- Al Sharpton's financially struggling campaign has lost one valuable source of money -- at least for now. The Federal Election Commission has cut off government financing for the Democrat's campaign. The FEC ruled Sharpton spent too much of his own money on his campaign, exceeding the $50,000 personal spending limit imposed on candidates who accept public funding.

Sharpton is considering going to court to challenge the commission, campaign spokesman Charles Halloran said Monday. Sharpton contends that when his personal spending on non-campaign travel is subtracted he is well within the spending limit.

The FEC has not decided whether Sharpton will have to repay the $100,000 his campaign received from the government. It decided to cut off additional funding last week.

The public financing program offers presidential candidates a monthly, taxpayer-financed match of up to $250 for each private contribution they raise during the primary season, up to total grants of about $18.6 million.

more............

http://www.newsday.com/news/politics/wire/sns-ap-fec-sharpton,0,3694585.story?coll=sns-ap-politics-headlines
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Doosh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-03-04 07:55 PM
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1. good
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