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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 ClintonFor Joe Biden, an experienced foreign policy team Millennials and the great reckoning on race Biden chooses Amanda Gorman as youngest known inaugural poet MORE and against her primary challenger Sen. Bernie SandersBernie SandersSenate Democrats leery of nixing filibuster 'Almost Heaven, West Virginia' — Joe Manchin and a 50-50 Senate Biden to seek minimum wage in COVID-19 proposal MORE (I-Vt.), who is running again in 2020. 

The DNC, now led by Obama's former Secretary of Labor Tom PerezThomas 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 BidenMissouri woman seen with Pelosi sign charged in connection with Capitol riots Facebook temporarily bans ads for weapons accessories following Capitol riots Sasse, in fiery op-ed, says QAnon is destroying GOP MORE and Sens. Elizabeth WarrenElizabeth WarrenPorter loses seat on House panel overseeing financial sector OVERNIGHT ENERGY: Nine, including former Michigan governor, charged over Flint water crisis | Regulator finalizes rule forcing banks to serve oil, gun companies | Trump admin adds hurdle to increase efficiency standards for furnaces, water heaters DeVos mulled unilateral student loan forgiveness as COVID-19 wracked economy: memo MORE (D-Mass.) and Kamala HarrisKamala HarrisHarris to be sworn in by Justice Sotomayor using Thurgood Marshall's Bible In calling out Trump, Nikki Haley warns of a more sinister threat On The Money: Retail sales drop in latest sign of weakening economy | Fast-food workers strike for minimum wage | US officials raise concerns over Mexico's handling of energy permits MORE (D-Calif.).