Connect with us
[the_ad id="89560"]

International

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

Published

2 months ago

3 minute read

From the Daily Caller News Foundation

By ROBERT SCHMAD

 

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.”

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.”

The blow to Biden’s campaign finance operation follows former President Donald Trump’s campaign erasing the president’s fundraising lead in May. Trump and the Republican National Committee had $171 million in cash on hand as of the most recent campaign finance reports, compared to the just $157 million held by the Biden campaign and the Democratic National Convention, The Hill reported.

The primary super PAC supporting Trump, MAGA Inc., had $93.7 million in cash reserves as of May while Future Forward PAC had a slightly smaller war chest of $92.3 million, according to Federal Election Commission records. Much of the funds taken in by MAGA Inc., however, are being diverted to cover Trump’s legal expenses, according to CNN.

One Future Forward advisor told the NYT they believe the donations will return once the current uncertainty regarding the Democratic presidential ticket is resolved. The PAC has announced $250 million in advertisement reservations following the Democratic National Convention in August.

Despite mounting pressure, the president has repeatedly asserted that he will not drop out.

“I am firmly committed to staying in this race, to running this race to the end, and to beating Donald Trump,” Biden wrote in a letter to congressional Democrats on Monday.

Future Forward PAC could not be reached for comment.

(Featured image credit: Screen Capture/CSPAN)

Related Topics:

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

More from this author
Daily Caller / 4 hours ago

House Unanimously Passes Bill Boosting Secret Service Protection For Presidential Candidates

Business / 5 hours ago

Federal carbon tax a hot issue today

Alberta / 6 hours ago

RBC boss says the U.S. needs Canada to supply oil and gas to Asia for energy security

Daily Caller

House Unanimously Passes Bill Boosting Secret Service Protection For Presidential Candidates

Published on September 20, 2024

By

Former President Donald Trump on the stage in Butler, Pa. on July 13, 2024, as shots are fired at him. (Screen Capture/CSPAN)

From the Daily Caller News Foundation 

 

By Rebeka Zeljko

The House unanimously passed a bill Friday that would bolster U.S. Secret Service protections for major presidential candidates in the aftermath of a second assassination attempt on former President Donald Trump.

The bill, titled the “Enhanced Presidential Security Act,” passed the House in a 405-0 vote after two assassination attempts on Trump took place between in July and September. The bill would require the Secret Service director to equally apply standards for protections for presidents, vice presidents, as well as major presidential and vice presidential candidates.

“It’s unacceptable that now we’re at two assassination attempts on President Trump,” House Majority Leader Steve Scalise said in a press release. “The Secret Service has to provide the same level of protection for presidential candidates as for presidents so that something like this doesn’t happen a third time. The future of our country is at stake.”

“Political violence has no place in our country, but when it does rear its ugly head, we must ensure we’ve done everything possible to prevent it from being successful,” Scalise continued.

On July 13, 20-year-old Thomas Matthew Crooks took aim and fired multiple shots at the former president from a rooftop positioned just 130 yards away from a rally stage in Butler County, Pennsylvania. Leading up to the rally, Crooks was reportedly spotted by attendees, flagged by Secret Service, and even identified by a local counter sniper over an hour before Trump stepped on stage.

Within two months of the Butler shooting, 58-year-old Ryan Wesley Routh attempted to assassinate Trump while the former President was golfing at the Trump International Golf Course in West Palm Beach, Florida. Routh was arrested by authorities after his “AK-47 style rifle with a scope” was spotted in the bushes on the course by a Secret Service agent.

Continue Reading

International

“Mainstream media bias is beyond biased”

Published on September 20, 2024

By

Back in 2020, venture capitalists Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg launched a new podcast called All In.  The All In Podcast focuses on business, technology, current events, market trends, and politics.

With well over 600,000 subscribers on Youtube, and over 400,000 followers on X, the All In Podcast is clearly becoming an extremely influential source of ideas, information, and discussion.  This month, the founders held a live summit event in Los Angeles featuring the likes of Elon Musk and alternative news mogul Bari Weiss.

Exerts from that event are making the rounds on the internet including these video snippets from the session with Bari Weiss, editor and CEO of The Free Press.

Continue Reading

Trending

X