McCain Inches Closer to Public Financing

(Via Taegan Goddard’s Political Wire.)

Sen. John McCain “has taken a step towards accepting public financing in the general election — a move that would provide an $84 million infusion for his presidential campaign, but also limit its spending and potentially put him at a steep disadvantage to a better-funded Democratic opponent,” according to The Politico.

This month, “he filed papers with the Federal Election Commission creating a separate campaign account that would enable him to make the public money go further.”