75 wealthy Democratic political donors gathered on a Zoom call to discuss Joe Biden’s future following a poor debate performance against Donald Trump. Most donors believed Biden should drop out if the party wanted to defeat Trump in November. They have launched a lobbying campaign to convince lawmakers to publicly call on Biden to end his campaign. If Biden refuses to drop out, many donors have said they will not fund his reelection until he is a clear favorite. Hillary and Bill Clinton, along with other allies, have made pleas to donors to stick with Biden. Despite pressure from donors and over 20 members of Congress, Biden has stated he has no plans to drop out. However, Pelosi, Schumer, and Jeffries have reportedly warned Biden about concerns from their members and the impact on down-ballot races. Biden’s fundraising collapse does not necessarily spell doom for the party, as events featuring Vice President Kamala Harris have started to sell out, indicating support for her as a potential successor. Overall, the campaign to persuade Biden to drop out is driven by donors concerned about the party’s chances of winning in November.
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Democratic donors urge Biden to drop out of the race following overwhelming support for Kamala Harris
