livingston
20×102mm Vulcan
Gavin Newsom running for president? His fundraising strategy signals White House aspirations
ACRAMENTO, Calif. — Gov. Gavin Newsom is taking fundraising steps often used by potential presidential candidates, setting up multiple committees that in their first three months have raised and spent millions of dollars.The three Newsom-affiliated committees are a political action committee, which limits contributions to $5,000 a year and can donate to individual candidates; a SuperPAC, which can raise unlimited amounts of cash but is restricted from promoting a specific candidate, and a joint fundraising committee, which functions like a bank, mostly collecting and distributing funds to the other groups.
Newsom has repeatedly denied any interest in running for the nation’s highest office next year. But whether President Joe Biden wins or loses, there will be no Democratic incumbent in 2028. As governor of the nation’s largest state, the big winner of two elections and a recall, Newsom would be well-positioned for a White House run.
MSN
www.msn.com