Hey, Andrew Yang: What Will You Do with Your Left Over Campaign Cash?

Andrew Yang and Michael Bennet have ended their campaigns for president.

What happens to the money they have raised, but not yet spent?

The amounts could be substantial. Financial reports submitted to the Federal Election Commission indicate that as of Dec. 31, 2019, candidates who had already dropped out still had plenty in the bank. Former Texas Congressman Beto O'Rourke dropped out Nov. 1, but at year’s end still had US$360,000 in the bank. Sen. Kamala Harris, who dropped out Dec. 3, reported having $1.3 million available.

Other candidates who dropped out in January had large sums on hand not long before they ended their campaigns: Julian Castro had $950,000 on Dec. 31, and dropped out two days later. Less than two weeks before they exited, Marianne Williamson had $330,000 and Sen. Cory Booker had $4.2 million.