When candidates end campaigns, what happens to leftover donations? - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

When a potential presidential candidate withdraws from the race, what happens to the leftover money donated to their campaign? (via ConversationUS)

Candidates whose campaigns have ended but who are still handling outstanding expenses need to keepwith the FEC. Once those expenses are paid, there may not be much left.

At times, candidates need to keep fundraising after they drop out, just to pay off the bills they ran up while running. Six months after they dropped out of the 2012 presidential nomination race, failed Republican candidates Newt Gingrich and Rick Santorum were still working to pay off their campaign debts. Former presidential candidates Rudy Giuliani, Dennis Kucinich, and John EdwardsCory Booker can use money left over from his presidential campaign to run for reelection to the Senate.

For some politicians, the most likely use is to help pay for their next campaign. Booker, for instance, is up for reelection to his Senate seat. Once his presidential campaign has paid off any debts it may owe, he canIf he, or any other candidate, wants to run for president again in the future, it's easy enough to transfer the funds to a committee for the 2024 campaign season.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Yelp's new ad products will benefit from 5G - Business Insider - Business InsiderAs carriers launch commercial 5G networks, Yelp is positioning itself to take advantage by providing ad products that leverage mobile location data
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Physician adoption of digital health tools spikes - Business Insider - Business InsiderAn American Medical Association study showed that physicians' use of digital health solutions increased in every category over the past three years.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Business InsiderDespite Alibaba's promising performance on the back of Single's Day 2019, the coronavirus outbreak may weaken its sales in the future $BABA vs
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

See the memes Mike Bloomberg's campaign paid Instagram influencers for - Business InsiderMike Bloomberg's presidential campaign has hired a meme collective to deploy meme-ads all over Instagram — see them here.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Canopy Growth stock: Earnings hint at end to cannabis slump - Business InsiderCanopy Growth, the world's largest cannabis company, reported its latest financial results, surprising analysts and sending cannabis stocks climbing. Are Twinkie sales a leading indicator? The problem is that too many companies were created and not enough pot heads around.... And the fact that it's legal, takes away the 'prohibitive' factor, so people don't care about getting stoned all the time...
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Interactive Brokers CEO, insiders on strategy, zero commissions - Business InsiderMeet the Interactive Brokers execs who plotted industry-roiling moves in commission-free trades and fractional shares — and are keeping their next play top-secret
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »