What will happen to millions of dollars of Democrat campaign funds if Joe Biden withdraws? Will it be refunded to donors? Details here
Joe Biden has come under tremendous pressure to withdraw from the 2024 US Presidential Election because of his old age and cognitive health issues, a natural question looming large over the US political system is what will happen to the funds the US President has collected so far to fight the polls. Joe Biden has so far rejected the calls to pull out of the race for the White House and clarified that he may not be as young and energetic as before, but he knows how to do his duties and he will do so in the next term in office. He also reiterated that he would defeat Republican contender Donald Trump.
What if Joe Biden withdraws?
According to 'Yahoo News', Next Generation PAC, a group of major Democrat donors has vowed to raise $100 million in support of Biden’s replacement nominee. It has also said if the incumbent president holds on to the Democratic nomination, it would spend the money on down-ballot races.
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If Joe Biden changes his mind and pulls out, where the millions of dollars of campaign money would go? If Vice President Kamala Harris is nominated, will she get access to those funds? If someone else gets the baton from Biden, can he use the money?
Types of campaign funds
According to the Federal Election Commission (FEC), there are two categories of campaign funds. They are the money raised during the primaries and the second category is the general election
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