“Wealthy supporters of President Biden’s campaign have slammed their wallets closed, with support from major donors in July on track to plummet to roughly half of the previous month’s amount if he remains in the race,” the Washington Post reports.
“The campaign had hoped to raise about $50 million from large donors into the Biden Victory Fund, which diverts money to the Biden campaign, the Democratic National Committee and the state Democratic parties. That was the amount that large donors gave in June, according to one of the people briefed on the matter. Those donations are tracked separately from the campaign’s small-dollar donors.”
“But after his poor debate performance late last month, that number is likely to be less than $25 million in July, an excruciatingly small total for a summer month in a presidential race.”
