• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Biden fundraising takes hit amid rising calls from Democrats for president to end re-election campaign
Economy

Biden fundraising takes hit amid rising calls from Democrats for president to end re-election campaign

by July 11, 2024
by July 11, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Two well-connected Democratic Party consultants who work closely with top party donors confirm to Fox News that there has been a major slowdown in President Biden’s fundraising over the past week.

The news comes as Biden continues to push back against a rising chorus of calls from within the Democratic Party for the president to step aside and end his 2024 re-election campaign following last month’s disastrous debate performance against former President Trump, his Republican challenger.

‘People are starting to tap the brakes a bit. They want to see how it’s going to play out,’ one of the bundlers, who asked to remain anonymous to speak more freely, told Fox News.

The other bundler – who also asked for anonymity – concurred, emphasizing that ‘major donors are pausing’ until ‘things are settled.’

The development was first reported yesterday by NBC News, with stories soon after from a handful of other news organizations, including CNN and Politico, 

Biden campaign spokesperson Lauren Hitt, responding to the stories, said that they were ‘not accurate.’

‘On grassroots fundraising, the first seven days of July were the best start to the month on the campaign — and many of those were first-time donors. On the high-dollar side, we’ve had folks max out since the debate, as well,’ Hitt said in a statement.

The president, in a call earlier this week with top donors, tried to reassure them and argued that he is still the best candidate to defeat Trump in November.

However, actor George Clooney, who is among Biden’s biggest supporters and donors in Hollywood, and who was one of the hosts of a mega-fundraiser last month in Los Angeles with Biden and former President Obama that hauled in $28 million for the president’s campaign, urged Biden to step aside on Wednesday.

The Biden campaign touted that they hauled in a staggering $38 million in fundraising in the immediate aftermath of the June 27 debate in Atlanta.

Biden is scheduled to appear at several high-dollar fundraisers this month, Fox News has confirmed, including one in Austin, Texas, early next week, and a West Coast swing at the end of the month.

However, organizers for at least one Chicago-area fundraiser scheduled during next month’s Democratic National Convention have decided not to proceed with their event, a Democratic source confirmed to Fox News. A spokesperson for the Biden campaign says the event was not affiliated with their official fundraising schedule.

Following his extremely rough debate performance in his first face-to-face showdown with Trump, Biden has been attempting to prove that he still has the stamina and acuity to handle the toughest and most demanding job in the world. He is trying to prove that he has the fortitude to defeat Trump.

The debate was a major setback for Biden, who at 81 is the oldest president in the nation’s history. His halting delivery and stumbling answers at the showdown in Atlanta sparked widespread panic in the Democratic Party and a rising tide of public and private calls from within his own party for him to step aside as its 2024 standard-bearer.

Since the debate, 10 House Democrats and one in the Senate have publicly called on Biden to end his re-election bid and a growing number of both House and Senate Democrats have publicly and privately warned that the president will lose to Trump in November.

Biden, in a letter sent to congressional Democrats on Monday as they returned from the July 4 holiday recess, reiterated that he’s ‘firmly committed to staying in this race’ and argued that ‘the question of how to move forward has been well-aired for over a week now. And it is time for it to end. We have one job. And that is to beat Donald Trump.’

‘Any weakening of resolve or lack of clarity about the task ahead only helps Trump and hurts us,’ the president added. ‘It is time to come together, move forward as a unified party, and defeat Donald Trump.’

This post appeared first on FOX NEWS
You Might Also Like
  • Karine Jean-Pierre says Biden is ready to handle hecklers during State of the Union: ‘He got this’
  • Defense Secretary Lloyd Austin diagnosed with prostate cancer
  • The veepstakes goes ‘Apprentice’: Will Trump really pick Rubio, Vance or Burgum?
  • House Republicans planning to visit Jan. 6 defendants in DC jail
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Luna’s bid to force Garland to hand over Biden-Hur tapes fails in House
next post
Trump roasts Biden with clip from Clooney movie after actor calls for president to drop out of race

You may also like

AOC says GOP reviving ‘legacy of slavery’ by ending non-citizen...

February 9, 2023

Internal ATF docs show ‘zero tolerance’ guidelines for shutting down...

February 10, 2023

Trump dominating, Haley winning her first state round out top...

March 6, 2024

GOP rebels plunge House into chaos amid mutiny over government...

January 11, 2024

Bank and Crypto Runs: F(ac)TX vs Fiction

November 25, 2022

House committee subpoenas top White House aides over concerns about...

July 11, 2024

Republicans express deep concern over Iraqi PM visit to White...

April 16, 2024

Constitution Party nominee aiming to help Trump, ‘destroy’ Democratic Party

August 21, 2024

New poll shows Biden’s 2024 lead vanishing with Trump on...

April 25, 2024

Newsom says Biden’s age is no problem: ‘I want a...

September 19, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Iranian president’s wife says hijab law...

    September 25, 2023

    Trump appeals court ruling requiring Pence...

    April 11, 2023

    Scams are the policy problem no...

    January 22, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here