Thursday, 31 October 2024

BREAKING: $90 Million In Super PAC Donation Pledges Reportedly FROZEN If Joe Biden Remains Candidate

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According to The New York Times, major Democratic donors reportedly told the largest pro-Biden super PAC, Future Forward, they would withhold $90 million in donation pledges if Biden remains the party’s presidential candidate.

Reports claim a ‘coordinated Democrat rebellion’ will unfold over the next 48 hours.

WATCH:

From The New York Times:

The frozen contributions include multiple eight-figure commitments, according to the two people, who spoke on the condition of anonymity given the sensitivity of the situation. The decision to withhold such enormous sums of money is one of the most concrete examples of the fallout from Mr. Biden’s poor debate performance at the end of June.

Future Forward declined to comment on any conversations with donors or the amounts of any pledged money being withheld. A Future Forward adviser would say only that the group expected contributors who had paused donations to return once the current uncertainty about the ticket was resolved.

Separately, one donor to the group described being approached multiple times by Future Forward since the debate for a contribution, but said he and his friends had been “holding off.”

The two people briefed on the frozen pledges declined to say which individual donors were pulling back promised checks, which were estimated to total around or above $90 million. It was not clear how much of the pledged money was earmarked for Future Forward’s super PAC versus its nonprofit arm, which has also been running advertising in key battleground states. The super PAC has been shying away from making major strategic decisions until it gets clarity on who will be atop the ticket, according to a separate person close to the group.

“This comes just a couple days after George Clooney, who held a massive fundraiser for Biden in LA last month, called on him to drop out,” journalist Nick Sortor wrote.

The Guardian reports:

The House minority leader Hakeem Jeffries said he shared lawmakers’ “insight, heartfelt perspectives and conclusions about the path forward” in a private meeting with Joe Biden yesterday.

The meeting came after more than a dozen House Democrats publicly called on the president to end his bid for re-election after his stumbling performance against Donald Trump in their first debate.

Jeffries had promised that he would talk to Biden after speaking with all of the 213 Democrats in the House of Representatives, and, in a letter to lawmakers today, he indicated that he has done so, without elaborating on Biden’s response.

“On behalf of the House Democratic Caucus, I requested and was graciously granted a private meeting with President Joe Biden. That meeting occurred yesterday evening. In my conversation with President Biden, I directly expressed the full breadth of insight, heartfelt perspectives and conclusions about the path forward that the Caucus has shared in our recent time together,” Jeffries wrote in the letter, according to The Guardian.

“As House Democrats have done throughout this Congress, we will continue to work in the best interests of everyday Americans. Thank you for your continued leadership in service of the communities we are privileged to represent,” he added.

The report follows claims that ‘dozens’ of congressional Democrats are preparing to issue public statements calling on Joe Biden to drop out.

‘Dozens’ Of Congressional Democrats Allegedly Preparing To Publicly Call On Joe Biden To Drop Out


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