President Biden Drops Out of Re-Election Campaign

SOURCE www.foxnews.com
President Biden drops out of re-election campaign, making Vice President Harris the favorite for the Democratic Party nomination. Harris likely able to use Biden's existing campaign funds. No deadlines have passed that would prevent Harris from appearing on general election ballot in any state.

Key Points

  • President Biden's decision to not seek re-election is unprecedented.
  • Harris has received endorsements from Democratic Party leaders.
  • Harris can use the existing campaign funds for her presidential candidacy.
  • No deadlines have passed that would prevent Harris from appearing on general election ballots in any state.

Pros

  • Vice President Harris becomes the frontrunner for the Democratic Party nomination.
  • Harris likely able to use Biden's existing campaign funds for her election bid.

Cons

  • Anti-Harris groups may litigate the issue of using Biden's funds.
  • Transferring funds to a super PAC may be less financially efficient.