Wall Street and Hollywood Titans Team Up to Back Biden by Austin Alonzo – US Politics News

The rich and famous are ready to bankroll the Biden campaign, according to federal disclosures. Accounting for all of its financial mechanisms, the Biden campaign entered 2024 with more than $100 million on hand.
President Joe Biden’s reelection campaign will rely on two main fundraising political action committees: Biden For President, his principal campaign committee, and Future Forward (FF) PAC, a hybrid PAC, along with a joint fundraising committee, the Biden Victory Fund.
As a hybrid PAC, FF PAC can solicit and accept unlimited contributions from individuals, corporations, labor unions, and other political committees, according to the Federal Election Commission (FEC). It must maintain two bank accounts: one for independent expenditures on advertisements or voter drives, and another for making direct contributions to federal candidates….