Donor revolt: Biden faces funding crisis amidst party unrest
The largest donors supporting the Democrats' presidential campaign have withheld about £70 million. According to the New York Times, this is an extremely vivid example of the negative consequences of President Joe Biden's poor performance in the debate at the end of June.
The Super PAC Committee—Future Forward supports Joe Biden in the presidential campaign. The most important donors have withheld approximately £70 million in contributions to the committee as long as President Biden remains in the race, writes the NYT, citing two independent sources.
Future Forward declined to comment on the matter. Their advisor admitted only that the committee expects the donors who withheld donations to return when there is no doubt about who will remain in the race for the US presidency, indicated the newspaper.
Biden's advisors want to convince him to step down
The newspaper indicates that some of Biden's advisors are discussing convincing the president to withdraw from the race. At the same time, his committee has begun conducting polls to see how Vice President Kamala Harris would fare against former President Donald Trump. The number of Democrats calling for Biden to resign is growing daily, wrote the NYT.
According to the newspaper, Biden's campaign faces a tough July in terms of fundraising, as major donors question the US president's ability to win the November elections.
