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Fortune
Fortune
Jason Ma

Now that Joe Biden has dropped out of the race, what happens to his campaign money?

Joe Biden peeks behind door (Credit: Kevin Dietsch—Getty Images)

President Joe Biden's abrupt exit from the campaign on Sunday leaves a giant pot of money up for grabs with the Democratic National Convention just a month away.

According to the latest Federal Election Commission filings, Biden's campaign entered July with $96 million, after spending $243 million through the end of June. That doesn't include money the that the national Democratic Party apparatus and allied political action committees have.

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