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Obama will run without public funding

strong>The Washington Post reports: Sen. Barack Obama has switched course on general-election funding, announcing this morning that he would reject public financing and raise every dime for the fall campaign on his own.

The announcement was widely expected. For months, Obama has eased back from an earlier pledge to "pursue an agreement with the Republican nominee to preserve a publicly financed general election," warning that it could impose unfair constraints.

The decision means Obama will give up $85 million in public money. But it frees him to raise $300 million or more from the 1.5 million-plus donors in his database, giving him an enormous -- almost breathtaking -- advantage over Sen. John McCain. -- Obama Opts Out of Public Financing | The Trail | washingtonpost.com
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