VP Harris vows to run, likely set to inherit Biden campaign war chest

• Biden endorsed Harris as the party's nominee following his withdrawal.
• "President Biden is doing what he has done throughout his life of service: putting the American people and our country above everything else," Harris said.

The latest: Biden's nearly $96 million in campaign finances were transferred to be under Harris' name by Sunday afternoon.

• The campaign officially changed its Federal Election Commission committee name to "Harris for President."

State of play: Harris could become the first woman elected president.

• She was the first woman, Black American and South Asian American elected to the vice presidency.

What's next: Under the Democratic National Committee rules, pledged delegates are bound to initially vote for the candidate they're assigned. Since Biden has left the race, delegates are free to support whomever they choose.

• One possible scenario is the party holds a pre-convention virtual vote around one candidate. If that fails, there could be an open convention in August.

The bottom line: "We have 107 days until Election Day," Harris said. "Together, we will fight. And together, we will win."

• She said she will work to defeat former President Trump and the Project 2025 agenda.

Between the lines: Harris has begun calling Democratic leaders and elected officials to try to secure the nomination, Axios' Hans Nichols reported.

Editor's note: This story has been updated with details throughout.