The political landscape has been shaken in the wake of President Joe Biden’s disappointing performance in last week’s debate. Concerns about his cognitive abilities are growing louder, with many Democrats now questioning his viability as their nominee just months before the election.
Biden’s debate debacle, compounded by his unpopular policies and declining poll numbers, has ignited a fervor within the party to find an alternative. However, replacing an incumbent at this late stage presents significant challenges. A major hurdle is the $240 million raised for Biden’s campaign, which cannot be easily transferred to a new candidate.
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One possible exception exists: Vice President Kamala Harris. According to Rob Casey, a partner at Signum Global Advisors and an expert in global policy and financial markets, “Biden has two real choices: Kamala inherits; or they transfer it all to the DNC.” This suggests that the funds raised could only be accessible to Harris because she is currently part of the Biden-Harris ticket.
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