Top Democratic donors creating political fund for possible Biden replacement - report | 4 July 2024 | A group of top Democratic donors and strategists is pooling resources into a new political action committee to help fund an alternative candidate to Joe Biden should he withdraw from the presidential race, according to a report from the New York Times. The fund, coined the Next Generation PAC, is aiming to raise as much as $100 million to help support a candidate who replaces Biden at the top of the ticket, according to the outlet. If Biden doesn't drop out of the race, the money would then be used to fund down-ballot candidates. The group has not yet filed federal paperwork, but PAC officials have reportedly told donors it hopes to raise between $50 million and $100 million. People connected to the Biden campaign have heard of the possible stealth project and have attempted to convince those involved not to join, according to the outlet.

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