Joe Biden’s PAC, American Possibilities, is slated to shut down within months
Former Vice President Joe Biden is working on shutting down his political action committee, CNBC has learned.
The PAC, American Possibilities, had slowly started to wind down during the exploratory phase before Biden announced his candidacy, according to a senior Biden campaign aide. It started ceasing contracts with vendors and gradually eliminated overhead costs, the aide said. The group’s website is no longer active.
The American Possibilities PAC will shut down in the coming months, the aide explained.
Several 2020 Democratic presidential candidates, including Biden, have shied away from being associated with PACs. Biden has sworn off campaign donations from corporate PACs, super PACs, federal lobbyists and the fossil fuel industry. Biden raised $21.5 million in the second quarter.
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