Can Harris use Biden’s campaign funds? And is she eligible to appear on general election ballot?

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President Biden's decision to stand down from re-election yesterday is unprecedented in its timing.

No presidential candidate has ever announced that they were not seeking another term this close to Election Day.

The decision has made Vice President Harris the overwhelming favorite for the Democratic Party nomination.

Today's Fox News Power Rankings explains how Harris' elevation could reshape the race and what comes next in Democrats' nominating process.

This guide provides answers to two more burning questions about the move.

First, how Harris is likely able to use Biden's existing campaign funds; second, why she can appear on all 50 states' general election ballots.

FOX NEWS POWER RANKINGS: IS KAMALA HARRIS UNBURDENED BY WHAT HAS BEEN?

Harris and/or Democrats can likely use Biden's existing campaign funds

Harris has received endorsements from the vast majority of Democratic Party leaders and luminaries.

While the party has not yet formally nominated a candidate and this cycle has been unpredictable, this guide will presume that she is the Democrat presidential nominee.

The existing "Team Biden-Harris" campaign had $240 million cash on hand at the end of June, and that money is critical to Harris' election bid.

Harris is likely to be able to use it.

The figure above is one number, but it is calculated by taking the Biden-Harris campaign committee's cash as well