Cain’s exit gives him financial flexibility
Republican presidential candidate Herman Cain’s announcement that he is suspending, rather than terminating, his campaign appears to give him greater flexibility in the months ahead to transfer leftover funds to a candidate or political committee of his choice.
That financial flexibility — as well as the potential to benefit by picking up Cain’s supporters — was not lost on the other GOP presidential hopefuls, who Sunday morning continued to heap praise on the embattled former Godfather’s Pizza executive.
Herman Cain announced he is suspending his campaign for president following allegations of an extramarital affair and claims of sexual harassment. (Dec. 3)
“Suspension” has no legal meaning under Federal Election Commission rules, meaning Cain could continue to raise contributions and spend money until declaring a formal end to the campaign. Once a candidate formally ends his or her candidacy, the candidate has 60 days under FEC guidelines to cease most campaign-related activity.