Sharpton Loses Federal Funding
The FEC rules that he spent too much of his own money on his campaign, exceeding the $50,000 personal limit.
From Associated Press
May 4, 2004
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.