CNN U.S. NewsAdvertisement
[Imagemap]

Budget deadlock doesn't stop
flow of dollars to candidates

January 2, 1996
Web posted at: 10 p.m. EST

Clinton

WASHINGTON (CNN) -- The federal budget impasse is causing no pain to at least one powerful constituency -- presidential candidates.

The Treasury Department on Tuesday wired more than $22 million in federal matching funds to 10 presidential campaigns. Nearly half the money went to the campaigns of President Clinton ($5.4 million) and Republican front-runner Senate Leader Bob Dole ($5.6 million).

Bob Dole

The candidates have qualified for more than $37 million in matching funds, but the Treasury only paid 59.9 cents on the dollar due to a temporary shortfall in the matching fund account. Eventually, candidates will receive the full amount due.

Although Republicans Pete Wilson and Arlen Specter have both dropped out of the race, they may use matching funds to pay leftover campaign debts.

The courts have ruled that Democratic hopeful Lyndon LaRouche is entitled to receive matching funds despite his past conviction on federal fraud charges. LaRouche will receive $156,547 in federal matching funds.

Natural Law Party candidate John Hagelin will receive $59,926.

Following is a listing of the amounts received by candidates (including those who have dropped out) in federal matching funds:

Related Stories



[Imagemap]
| CONTENTS | SEARCH | CNN HOME PAGE | MAIN U.S. NEWS PAGE |

Copyright © 1996 Cable News Network, Inc.
ALL RIGHTS RESERVED.
External sites are not endorsed by CNN Interactive.