return2ozma@lemmy.world to politics @lemmy.world · 6 months agoSenior House Democrats tell Jeffries they're privately calling for Biden to step aside: Sourcesabcnews.go.comexternal-linkmessage-square11fedilinkarrow-up130arrow-down120
arrow-up110arrow-down1external-linkSenior House Democrats tell Jeffries they're privately calling for Biden to step aside: Sourcesabcnews.go.comreturn2ozma@lemmy.world to politics @lemmy.world · 6 months agomessage-square11fedilink
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up5·6 months agoAnyone other than Kamala would have to begin fundraising upon nomination. Funds donated to the Biden campaign can only be transferred to her. We’d either be looking at Harris or an independently wealthy replacement.
minus-squareNotAnotherLemmyUser@lemmy.worldlinkfedilinkarrow-up1·6 months agoOut of curiousity, what would happen to the funds if we did have a wealthy replacement? Would the donors be refunded a percentage of the money they donated to the Biden campaign? I doubt that money would be locked up and become unusable.
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up2·6 months agoThey eventually get repayed to the investors. They won’t be immediately available to any candidate other than Harris. https://www.forbes.com/sites/saradorn/2024/03/01/what-happens-to-biden-or-trumps-campaign-cash-if-they-drop-out/
Anyone other than Kamala would have to begin fundraising upon nomination. Funds donated to the Biden campaign can only be transferred to her. We’d either be looking at Harris or an independently wealthy replacement.
Out of curiousity, what would happen to the funds if we did have a wealthy replacement?
Would the donors be refunded a percentage of the money they donated to the Biden campaign? I doubt that money would be locked up and become unusable.
They eventually get repayed to the investors. They won’t be immediately available to any candidate other than Harris.
https://www.forbes.com/sites/saradorn/2024/03/01/what-happens-to-biden-or-trumps-campaign-cash-if-they-drop-out/