Obama announces new DNC unity fund

Obama announces new DNC unity fund

Former President Obama and the Democratic National Committee (DNC) on Friday announced a new fund to support the eventual party's 2020 nominee. 

Obama, in a DNC email, announced the creation of a "Democratic Unity Fund" that will go to support the party's nominee, as two dozen candidates vie for the party's nomination.

"I'm excited that the DNC asked me to announce a bold new effort: The Democratic Unity Fund. Launching today, the fund will be dedicated to electing our party's eventual presidential nominee and winning up and down the ballot in 2020," Obama said in the email.

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"The Democratic Unity Fund is a promise that whoever earns our nomination, he or she will have a strong, united, and well-organized DNC ready to spring into action the moment the general election starts -- a DNC that's ready to lift us all to victory in November," he continued.

The email comes after the DNC in 2016 faced accusations of tipping the scales in favor of the eventual nominee Hillary ClintonHillary Diane Rodham ClintonChelsea Clinton announces birth of third child Ukrainian officials and Giuliani are sharing back-channel campaign information: report A question for Robert Mueller MORE and against her primary challenger Sen. Bernie SandersBernie Sanders'Medicare for All': The hype v. Maryland's reality Biden says he supports paying campaign staff minimum wage Biden's lead narrows in early voting states: poll MORE (I-Vt.), who is running again in 2020. 

The DNC, now led by Obama's former Secretary of Labor Tom PerezThomas Edward PerezClinton’s top five vice presidential picks Government social programs: Triumph of hope over evidence Labor’s 'wasteful spending and mismanagement” at Workers’ Comp MORE, has sought to introduce more transparency around the nomination process, especially around the dozen debates planned over 2019 and 2020.

More than 20 candidates are running for the party's 2020 presidential nomination, including Sanders, former Vice President Joe BidenJoe BidenUkrainian officials and Giuliani are sharing back-channel campaign information: report The Hill's Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony Biden campaign taps foreign policy vet Nicholas Burns as adviser: report MORE and Sens. Elizabeth WarrenElizabeth Ann WarrenWarren warns another 'economic crash' is coming The Hill's Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony Biden's lead narrows in early voting states: poll MORE (D-Mass.) and Kamala HarrisKamala Devi HarrisThe Hill's Morning Report — Mueller Time: Dems, GOP ready questions for high-stakes testimony Biden's lead narrows in early voting states: poll New CBS poll shows Biden with 7-point lead in New Hampshire MORE (D-Calif.).