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O'Malley campaign secures public cash before dropping out

O'Malley campaign secures public cash before dropping out

When Martin O'Malley decided in November to rely on public financing for his struggling presidential campaign, he was tossing a Hail Mary with a federal program that watchdog groups say is in need of a major overhaul.

The former Maryland governor was also ensuring he could pay off his debts when he finally decided to call it quits. He did just that on Monday, bowing out after a disappointing finish in the Iowa caucuses.

O'Malley announced in November that he would take part in the public financing system, in which taxpayers use their returns to donate to a fund that provides candidates with a match for low-dollar private donations. The last major candidate to use the system in...

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