http://www.cqpolitics.com/wmspage.cfm?parm1=5&docID=news-000002635846Biden Goes for Matching Funds
By Alex Knott, CQ Staff
The Federal Election Commission (FEC) announced Tuesday that Joseph R. Biden Jr. is eligible for federal primary matching funds. The announcement opens the door for Biden’s campaign to receive up to $21 million in public funding, but requires his campaign to abide by spending limits in each state and an overall spending cap of approximately $50 million.
With $8.2 million in receipts through the end of September, Biden is 11th overall in fundraising among the major presidential candidates. By comparison, Hillary Rodham Clinton had $91 million and Barack Obama had $80.2 million in receipts for the same time period. Biden is the fifth presidential candidate to be approved for public financing, following fellow Democrats Christopher J. Dodd and John Edwards and Republicans John McCain and Tom Tancredo .