Exclusive: No Labels super PAC is dialing for dollar

Hans Nichols / AXIOS

A new super PAC, waiting in the wings for a potential No Label's third-party presidential bid, is asking small-dollar donors to contribute hard cash to fund the actual campaign to get a "unity" ticket elected.

Why it matters: For the No Labels movement to field a credible bipartisan ticket, organizers need three things they don't have: presidential and vice-presidential candidates and a working campaign to help them make their case to the American people.

• The original No Labels group, founded by Nancy Jacobson, is focused on gaining ballot access in all 50 states. As a 501(c)(4), it can't run a traditional presidential campaign.
• The Super PAC — formally called the New Leaders '24 political action committee — registered with the Federal Election Commission in January and could serve as the campaign vehicle for any potential ticket, the New York Times reported. The PAC aims to raise $300 million for the general election.

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