Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Politics

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

by admin 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
‘New Cold War’: Lawmakers sound alarm on Cuba-China threat after bombshell spy base images surface
next post
Growing number of House Dems look to Kamala as possible Biden replacement

Related Posts

Pritzker trolls Trump by ‘renaming’ Lake Michigan as...

February 9, 2025

Mike Johnson mounts 20-state blitz to keep House...

August 6, 2024

IDF troops raid Hamas compound, seize weapons cache...

May 22, 2024

US to provide Ukraine with another $425M worth...

October 17, 2024

Bernie Moreno wants Senate to call for Nobel...

June 26, 2025

Surprising new poll numbers released on Trump’s performance...

February 20, 2025

As UK representative, I want to make our...

January 17, 2025

US continues to share data to protect Ukrainians...

March 8, 2025

First on Fox: House Republican campaign arm targets...

March 12, 2025

Comer subpoenas DHS for records relating to Walz’s...

October 1, 2024

    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.

    Recent

    • Find Highest Probability Counter-Trend Setups

      June 26, 2025
    • Bernie Moreno wants Senate to call for Nobel Peace Prize to go to Trump

      June 26, 2025
    • Iran, Israel and US agree that Islamic Republic nuclear sites were ‘badly damaged’ despite leaked intel report

      June 26, 2025
    • UN’s atomic agency’s Iran policy gets mixed reviews from experts after US-Israel ‘obliterate’ nuclear sites

      June 26, 2025
    • Democratic congressman hurls profanity-laced message at Stephen Miller

      June 26, 2025

    Categories

    • Business (997)
    • Investing (2,471)
    • Politics (3,067)
    • Stocks (1,095)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 sportinvestorsleague.com | All Rights Reserved