By Ross Kohan and Daniel Kuhn | The Street
There’s a $96 million question hanging in the air…what happens to the bundle President Joe Biden’s re-election campaign has yet to spend, now that he’s out of the race?
Since Vice President Kamala Harris was already on the ticket, she has access to that money. In addition, her campaign already raised more than $50 million in the hours immediately after President Biden backed her to take his place in the race.
But Harris doesn’t automatically replace her boss, which means another contender could step in to challenge Harris. If they do, they won’t have access to any of that cash, which essentially means they’ll be starting from zero. There are some exceptions of course, if a member of the Senate or the House takes over for Biden, leftover money from their previous campaigns can be transferred to the presidential campaign.