“If Biden Drops Out, What Happens to His Money?”

NYT:

[T]he most important money is in the accounts held by the Biden-Harris campaign committee: $91 million as of May 30. . . . That money has been raised by the Biden-Harris ticket, and belongs to the Biden-Harris ticket. The only people whom that money follows are, you guessed it, Mr. Biden and Ms. Harris. . . .

If someone other than Ms. Harris were to lead the ticket, the Biden-Harris campaign could certainly transfer that $91 million to a federal super PAC, which could spend it on advertising for the new Democratic ticket. . . .

Perhaps the Democrats would try to transfer that $91 million directly to the D.N.C. — making for a cash-flush party committee that could make up for the fact that an entirely new candidate’s campaign would start at pretty close to $0.

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