According to the latest Federal Election Commission filings, Biden's campaign entered July with $96 million, after spending $243 million through the end of June. Meanwhile, Donald Trump had $128 million in the bank at the end of last month.
Vice President Kamala Harris, whom Biden endorsed to take his place on the ticket, can access the campaign money most easily as they share a campaign committee. If she's on the Democratic ticket, she can continue using the existing funds for the general election.
Former FEC chairman Trevor Potter explained that if Harris isn't on the ticket, federal rules limit candidate-to-candidate contributions to $2,000 per election. The Biden campaign has options like refunds or transferring funds to the Democratic Party.
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