We have two pieces of good news from North Carolina today. A group of prominent campaign donors have come forward in favor of public financing for the state's elections, and the state House approved a public financing pilot project for elections in the town of Chapel Hill.

Campaign donors, many increasingly tired of being hit up for cash from a slate of candidates, are becoming more numerous in their support for public financing of elections and this group that held a press conference today represent 700 "Campaign Donors for Campaign Reform." Said US Senator Robert Morgan:

"When the very people who for years have funded North Carolina campaigns say the system is fundamentally broken, you know you've got a problem.

These donors are highly regarded community leaders, from both parties, from every profession and from every area of the state," Morgan said. "And they all agree: We need an alternative to the campaign money chase."

North Carolina, which has public financing available for judicial races is considering proposals to publicly finance Council of State Races and various proposals to offer a full public financing option for legislative races are also on the table.