US Election: Donors Holdback $90 Million Promised To President Biden After Debate Fallout

According to Sara Dorn, a news reporter with FORBES who has been monitoring happenings in the political atmosphere around President Joe Biden, confirms that donors no longer have confidence in the incumbent.

Even though Sara said the story is a developing story, she points out how the cash in-flow has been put on hold if the President insist on running.

The democrats are increasingly making their stance known since that famous debate that exposed the President. Sara captures it here;

“Wealthy donors to President Joe Biden are withholding $90 million in pledged contributions to the main super PAC supporting his candidacy in protest of his decision to stay in the race, The New York Times reported—a significant financial setback for the president’s campaign following his June 27 debate performance.

“The group of donors reportedly told the super PAC Future Forward they won’t make the contributions, which include multiple commitments over $10 million, if Biden continues his candidacy, the Times reported, citing two unnamed sources briefed on the conversations.

“An unnamed Future Forward adviser told The Times the group expected donors who have paused contributions in the wake of the debate to resume giving once there was more clarity about the future of the Democratic ticket.

This is a developing story and will be updated.”