POLITICS_ Major Dem Donors Freeze $90 Million Until Biden Drops Out: REPORT

DAILY CALLER

POLITICS

Major Dem Donors Freeze $90 Million Until Biden Drops Out: REPORT

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DAILY CALLER NEWS FOUNDATION

Robert Schmad
Contributor
July 12, 2024 4:55 PM ET


Major Democratic donors have paused contributions totaling roughly $90 million to the largest pro-Biden super PAC, opting to hold their money unless the president drops out of the race, the New York Times reported on Friday.

Donors have frozen multiple eight-figure donations they had promised to Future Forward PAC — the committee designated by the Biden campaign as its leading super PAC — amid worries that the president is in a uniquely weak position ahead of November’s election, two individuals familiar with the situation told the NYT.

Democratic donors are also planning on diverting money away from the presidential election and toward down-ballot elections to hedge against what they view as increasingly likely defeat in the race for the White House.

“I think that the dam has broken and that more and more people will come out publicly,” long-time Democratic donor Whitney Tilson said in early July. “There is basically no — almost no support remaining for him as a candidate.”(RELATED: Soros Heir Urges Dems To Unite Behind Biden As Pressure Mounts To Push Him Out)

In the weeks following the June 27 presidential debate where President Joe Biden appeared disoriented and struggled to articulate, 19 Democratic members of Congress and numerous liberal pundits have called on the president to drop out of the race, according to the NYT. Even Biden’s reelection operation seems to be testing the waters, with the president’s campaign reportedly testing Vice President Kamala Harris’ viability against Trump, according to the New York Post.

“He needs to drop out,” one Biden campaign official told NBC News. “He will never recover from this.”

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READ MORE: https://dailycaller.com/2024/07/12/major-dem-donors-freeze-90-million-until-biden-drops-out-report/

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