WASHINGTON - The government will give six presidential candidates $15.4 million combined in federal matching funds on Friday, less than half of the amount it divided among presidential candidates during the same period in 2000.
The Federal Election Commission (news - web sites) certified the first checks on Wednesday for those participating in the presidential public financing system in 2004. The FEC's first checks in 2000 totaled $34 million for eight candidates. In 1996, the amount was $37.4 million for 10 hopefuls.
Wesley Clark (news - web sites), the retired Army general from Arkansas who entered the race in September and months after his rivals, will get a $3.7 million payment, the largest amount of federal matching funds. That's followed by $3.6 million for Connecticut Sen. Joe Lieberman (news - web sites), $3.4 million for North Carolina Sen. John Edwards and $3.1 million for Missouri Rep. Dick Gephardt (news - web sites). Ohio Rep. Dennis Kucinich (news - web sites) will get $736,000 and perennial presidential candidate Lyndon LaRouche (news - web sites) will get $839,000.
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The FEC said Wednesday that it may not have enough money in the fund come February when the second batch of payments is due to candidates. As a result candidates will receive reduced payments until the fund is replenished by contributions from 2003 tax returns. link