FEC Chairman Says Mccain Can't Withdraw from Public Financing Until Loan Questions Resolved

By: AP Email
By: AP Email

Washington (AP) The government's top campaign finance regulator has issued a ruling that could put a crimp in John McCain’s ability to spend campaign money between now and the Republican National Convention in September.

Federal election commission chairman David Mason, who is a republican, says McCain can't forego the public financing he had requested until he answers questions about a loan that kickstarted his once faltering presidential campaign. The FEC chief says McCain must reassure the commission that he did not use the promise of public money to help secure the 4-million-dollar line of credit.

McCain’s lawyer says the candidate has withdrawn from the public money system and that the FEC can't stop him.

A candidate who accepts public money for the primaries can't spend more than 54 million dollars. McCain’s campaign has almost reached that.

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