Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

Uncharted territory: Could campaign finances keep Biden on the ballot?

by July 4, 2024
July 4, 2024
Uncharted territory: Could campaign finances keep Biden on the ballot?

While calls to replace President Biden as the Democratic nominee continue to plague his re-election efforts, campaign finance experts believe financial roadblocks could prevent another Democrat from stepping into the role.

The Biden-Harris campaign brought in a huge cash haul this cycle, reporting $127 million raised in June alone. But if Biden were to be replaced or step down as the nominee, there are serious questions about whether another candidate would be able to inherit these funds.

While there are several candidates being floated as a Biden replacement, a political fundraiser with knowledge of presidential campaign finance told Fox News Digital that, as of right now, the money ‘is only accessible if your name is Joe Biden or Kamala Harris.’ 

Election law experts told Fox News Digital that Vice President Harris could likely use the campaign funds given that her name is on the Biden-Harris ticket. However, even the vice president could face hurdles with the money. 

According to Trey Trainor, a commissioner on the Federal Election Commission, it’s an ‘open-ended question’ whether the funds could be transferred to Harris.

If Biden is replaced as the nominee, legal experts tell Fox the Biden-Harris campaign would be allowed to transfer the funds to the Democratic National Committee, but the campaign arm is limited in how it can distribute that money.

Trainor, speaking Wednesday on ‘The Josh Hammer Show,’ said given the financial roadblocks, he believes Democrats ‘have no choice but to continue forward with President Biden as their nominee because there are just too many hurdles.’

Democratic Govs. Gavin Newsom of California and Gretchen Whitmer of Michigan and Transportation Secretary Pete Buttigieg have been floated as potential Biden replacements, but the experts do not believe other candidates would be able to easily obtain the funds.

While members within his own party are calling on Biden to step down, campaign finance experts who described the situation as novel concluded Biden will likely remain the Democratic nominee, even if the final decision comes down to campaign cash.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Biden’s struggle to remember key Cabinet official’s name left allies ‘shaken up’: report
next post
Top Democrats who pushed 25th Amendment during Trump years silent on triggering it for Biden

Related Posts

The veepstakes goes ‘Apprentice’: Will Trump really pick...

June 26, 2024

Trump reacts after leaked recording shows him discussing...

June 28, 2023

Lebanese protesters gather near U.S. embassy in Beirut...

October 18, 2023

Biden ripped for not mentioning Iran by name...

October 11, 2023

GOP governor vows ‘we will not back down’...

September 16, 2023

Foreign policy expert reveals 2 key offensive strategies...

April 16, 2024

DOJ opens probe into Alaska Airlines plane blowout:...

March 10, 2024

Biden meets with Jordanian King Abdullah, calls for...

February 13, 2024

Marjorie Taylor Greene says Biden impeachment inquiry will...

September 13, 2023

McConnell says Republicans ‘always’ lose when government shuts...

September 20, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Corcel Announces Non-Brokered Private Placement

    • Sankamap Announces Airborne Geophysical Survey Results Highlighting Promising Anomalies

    • SAGA Metals Mobilizes Final Team for Major Drill Program at Radar Project in Labrador, Targeting Maiden Mineral Resource Estimate & Provides Corporate Update

    • Crypto Market Update: 21Shares Files for Hype ETF, Australia Moves to Regulate Stablecoins

    • Almonty Acquires Montana Tungsten Project as US Seeks to Revive Domestic Supply

    Categories

    • Business (1,406)
    • Investing (3,087)
    • Politics (3,699)
    • Stocks (1,834)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved