clipped from: www.washingtonpost.com   

The federal agency in charge of policing the torrent of political spending during the upcoming presidential primaries will, for all practical purposes, shut its doors on New Year's Eve.


Congress remains locked in a standoff over the confirmation of President Bush's nominees to the panel

the FEC will enter 2008 with just two of six members -- short of the four votes needed for the commission to take any official action.

Seven presidential candidates have applied to receive public matching funds

That takes four votes

The national political parties each anticipate an infusion of about $1 million

takes four votes

a range of vexing campaign finance questions that hang in limbo

The FEC is composed of three appointees from each party, all nominated by the president

"The Democrats have picked their nominees, and we've picked ours,"

"What we have here,"

"the Democrats trying to veto one of our nominees. That isn't going to happen. They're all four going to go together, or none of them will be approved."