{"id":14356,"date":"2024-07-31T16:52:25","date_gmt":"2024-07-31T16:52:25","guid":{"rendered":"https:\/\/lonecandle.com\/?p=14356"},"modified":"2024-07-31T16:52:25","modified_gmt":"2024-07-31T16:52:25","slug":"biden-is-out-of-the-2024-race-what-happens-to-his-campaign-donations","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=14356","title":{"rendered":"Biden is out of the 2024 race. What happens to his campaign donations?"},"content":{"rendered":"\n

“The Biden campaign said it had $240 million in cash on hand<\/a> earlier this month, compared to former President Donald Trump\u2019s $331 million<\/a>. Campaign finance rules put some limits on what Biden can do with that money now that he\u2019s no longer running for president.<\/p>\n\n\n\n

The money isn\u2019t just in limbo, however. Though it\u2019s not yet completely certain whether Harris will become the nominee \u2014 she\u2019d need Biden\u2019s delegates at the Democratic National Convention to assume the candidacy, though his endorsement certainly puts her ahead of any possible competition<\/a> \u2014 she could access Biden\u2019s funds more easily than another Democrat. And the campaign pot only seems to be growing: Major Democratic donors, some of whom had paused their contributions<\/a> after Biden\u2019s disastrous debate performance last month due to concerns about his candidacy, reportedly reopened their wallets after Biden\u2019s announcement Sunday.<\/p>\n\n\n\n

Biden and Harris already share funds in a campaign committee under campaign finance laws that allow the president and vice president to run together as one ticket, said Saurav Ghosh, the Campaign Legal Center\u2019s director of federal campaign finance reform. If she were to remain on the ticket as the presidential nominee, \u201cthe new ticket would maintain access to all the funds in the campaign committee,\u201d Ghosh added.<\/p>\n\n\n\n

That would make Harris\u2019s transition to the top of the ticket seamless \u2014 at least when it comes to the money.”<\/p>\n\n\n\n

https:\/\/www.vox.com\/joe-biden\/361991\/361991biden-campaign-funds-after-drops-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“The Biden campaign said it had $240 million in cash on hand earlier this month, compared to former President Donald Trump\u2019s $331 million. Campaign finance rules put some limits on what Biden can do with that money now that he\u2019s no longer running for president.
\nThe money isn\u2019t just in limbo, however. Though it\u2019s not yet completely certain whether Harris will become the nominee \u2014 she\u2019d need Biden\u2019s delegates at the Democratic National Convention to assume the candidacy, though his endorsement certainly puts her ahead of any possible competition \u2014 she could access Biden\u2019s funds more easily than another Democrat. And the campaign pot only seems to be growing: Major Democratic donors, some of whom had paused their contributions after Biden\u2019s disastrous debate performance last month due to concerns about his candidacy, reportedly reopened their wallets after Biden\u2019s announcement Sunday.<\/p>\n

Biden and Harris already share funds in a campaign committee under campaign finance laws that allow the president and vice president to run together as one ticket, said Saurav Ghosh, the Campaign Legal Center\u2019s director of federal campaign finance reform. If she were to remain on the ticket as the presidential nominee, \u201cthe new ticket would maintain access to all the funds in the campaign committee,\u201d Ghosh added.<\/p>\n

That would make Harris\u2019s transition to the top of the ticket seamless \u2014 at least when it comes to the money.”<\/p>\n

https:\/\/www.vox.com\/joe-biden\/361991\/361991biden-campaign-funds-after-drops-out<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[375,583,372,198,161,966],"class_list":["post-14356","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-biden","tag-campaign-finance","tag-election","tag-elections","tag-funding","tag-kamala-harris"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14356"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14356\/revisions"}],"predecessor-version":[{"id":14357,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14356\/revisions\/14357"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}