Top Democratic donors creating political fund for possible Biden replacement: Report

A group of top Democratic donors and strategists is pooling resources into a new political action committee to help fund an alternative candidate to President 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.