Biden campaign, Democratic National Committee set joint fundraising agreement
Former Vice President Joe Biden's presidential campaign and the Democratic National Committee (DNC) will formally set a joint fundraising agreement on Friday, giving the presumptive Democratic nominee more sway over the committee's fundraising functions.
The New York Times first reported that the new deal will permit Biden to raise $360,800 from individual donors. Of those funds, $5,600 raised will go to the Biden campaign and the rest will be earmarked for the DNC.
The move is meant to help the Biden campaign and the DNC catch up with the fundraising agreement put in place by President Trump and the Republican National Committee (DNC). Trump and the RNC had a combined $244 million at the beginning of April, while Biden and the DNC had a combined $57 million.
As part of the agreement, the Biden campaign was also granted their request to have DNC senior adviser Mary Beth Cahill serve as the committee's chief executive officer.
“Mary Beth’s experience running presidential campaigns and managing the kind of complex operation it takes to win a general election will be invaluable, and I am thrilled to have her as a partner in this fight,” Biden's campaign manager Jennifer O'Malley Dillon told the Times.
https://thehill.com/homenews/campaign/494500-biden-campaign-and-democratic-national-committee-set-joint-fundraising
