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Biden, DNC ink fundraising deal as he widens party influence

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Joe Biden is expanding his influence over the Democratic Party with a new fundraising deal and a leadership shuffle at the Democratic National Committee.

Biden, the presumptive Democratic presidential nominee, and the DNC on Friday began a joint fundraising pact that will allow wealthy donors to contribute up to $360,600 to the party's fall campaign, a total far exceeding the $5,600 maximum that donors can give directly to Biden's campaign.

Additionally, longtime Democratic power player Mary Beth Cahill will take over management of the DNC, replacing Seema Nanda as chief executive officer under party chairman Tom Perez.

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