Here's what happens to Biden's campaign money after he withdraws

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Published 2024-07-22
Vice President Kamala Harris has emerged as the likely option to lead the Democratic ticket for 2024 after President Joe Biden announced Sunday that he is dropping his reelection bid.

Following his announcement, Biden endorsed Harris as the Democratic nominee.

"Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this," Biden said in a statement on X.

One big question is what would happen to the current campaign's $91 million cash on hand, according to its most recent filings. (Combined with allied Democratic organizations, the reelection effort has access to $240 million cash on hand, the campaign said this week.)

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