Joe Biden is trying to raise at least $7 million before Election Day for his presidential transition, Politico reports. "Two people involved in fundraising for a Biden transition said it has already brought in at least $2 million, and one person said the transition has already raised $3 million...Raising money for the transition is a discreet enterprise, as donors said they want to avoid the appearance of presumptuousness during the election."
The Politico article doesn't explain whether the donors get a refund if Biden loses and there is no "transition."