Possible Biden run puts Obama fundraising network on high alert – The Washington Post

A wide swath of party financiers is convinced that Biden will make a late entry into the race, and a sizable number are contemplating backing him, including some who have signed on with Clinton, according to more than a dozen top Democratic fundraisers nationwide.

 

Their potential support — driven in part by a desire to recapture the passion they felt in Obama’s campaigns — could play a key role in helping the vice president decide whether to make a third White House bid. The chatter among a cadre of well-connected party fundraisers suggests that he could benefit from an early jolt of money should he run.

 

Clinton maintains a broad and loyal donor base, and her financial dominance would present a huge challenge for Biden if he entered the campaign this fall. The former secretary of state amassed a record $47 million during her first quarter as a candidate and is flanked by an array of super PACs and other independent allies socking away millions for her.

 

Biden would face a tight scramble to raise money this far along on the calendar. Because donors can give a campaign only up to $2,700, he probably would have to lean heavily on a super PAC, which could accept unlimited sums, a move that would be distasteful to many liberal voters.

 

The possibility that Vice President Biden may jump into the presidential campaign is convulsing the network of wealthy Democrats that financed ’s two White House bids, galvanizing fundraisers who are underwhelmed by Hillary Rodham Clinton’s performance.

 

 

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