ALBANY, N.Y. (AP) – White House hopeful Sen. Hillary Rodham Clinton will not accept public campaign financing for either the Democratic primaries or, if she wins the nomination, the general election campaign.

Clinton’s decision had been widely expected given her and her husband’s proven ability to raise vast sums of money quickly. Her advisers have not disputed estimates that she will raise $100 million or more before the year is out.

The New York senator already has more than $14 million in the bank, money left from her successful re-election campaign last year. The funds can be spent on her presidential bid.

While both President Bush and Democratic challenger John Kerry rejected public funding for their primary campaigns in 2004, they did accept $74.5 million each for the general election campaign. The funding for the general election was expected to reach $85 million for the major party candidates in 2008.

Analysts had been predicting that the major candidates for 2008 would reject the public financing option for both primaries and the general election because of the growing cost of competing.

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