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Obama Will Accept Public Financing…

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…if the RNC will keep their spending in check.

To what degree isn’t quite clear, but now that Obama is the general election candidate, he’s honoring his promise to try and work out a deal with McCain.

From USA Today:

Obama said he’ll accept public financing for his campaign — which would limit the amount of spending — only if McCain agrees to curb spending by the Republican National Committee. “I won’t disarm unilaterally,” he said.

Obama has raised about $265 million to date, while McCain has raised about $90 million.

So yes, this is vague, but it’s a first step.

We’ll be following what McCain and the Republicans have to say in response.