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John "Campaign Finance Reform" McCain unsuccessfully attempted to get his campaign out of public financing.

The nation's top federal election official told Sen. John McCain yesterday that he cannot immediately withdraw from the presidential public financing system as he had requested, a decision that threatens to dramatically restrict his spending until the general election campaign begins in the fall.

Another problem is the the public financing program is cash-strapped. Payments have will come slowly. McCain is dead in the water until the general election.