Donors to freeze some $90 million in pledges if Biden remains on ticket, NYT reports
Report says sums include ‘multiple eight-figure commitments’; US president secures backing of prominent Democrats Clyburn and Newsom, meets Jeffries
Several major Democratic donors told the largest pro-Biden super PAC, Future Forward, that roughly $90 million in pledged donations will remain on hold if US President Joe Biden maintains his candidacy, the New York Times reported on Friday, citing unidentified sources.
According to two people who have been briefed on the conversations, the frozen amounts include “multiple eight-figure commitments,” the newspaper said.
Future Forward declined to comment to the Times, beyond saying that they believed the contributions would be released once uncertainty surrounding the Democrat ticket was resolved.
Meanwhile, Biden got a boost from two prominent Democrats who said he should stay in the White House race, as other members of his party weighed whether to say the 81-year-old incumbent is still fit for reelection.
“I’m riding with Biden no matter which direction he goes,” Representative James Clyburn said on NBC’s “Today” program, the morning after Biden held a high-profile press conference to beat back doubts about his candidacy.
California Governor Gavin Newsom, who has been floated as a possible successor, said he was sticking with Biden as well. “I’m all in. No daylight,” he said in an interview excerpt released by CBS.
Clyburn, 83, is a respected voice among Black Americans whose support is essential to Biden’s 2024 campaign, while Newsom, 56, is one of several younger governors who are widely seen as the future of the party.
Meanwhile, another congressional Democrat urged Biden to drop his bid. At least 18 lawmakers have now called on him to step aside so the party can pick another candidate following his halting June 27 debate performance against Republican rival Donald Trump.
“Please pass the torch to one of our many capable Democratic leaders so we have the best chance to defeat Donald Trump,” Representative Brittany Pettersen wrote on social media.
Democratic officeholders, donors and activists are trying to determine whether Biden is their best bet to defeat Trump in the Nov. 5 election and serve another four-year term in the White House.
Two Democratic fundraisers, Dmitri Mehlhorn and John Morgan, told Reuters they were heartened by the press conference.
A group of Hispanic lawmakers were talking with Biden on Friday, according to an aide. While the group’s leaders have endorsed Biden, some other members have not stated their positions.
Jeffries meets Biden
Hakeem Jeffries, the Democratic leader in the House of Representatives, said he met with Biden on Thursday night to convey the range of thoughts they held about his candidacy. He did not say whether he personally thought Biden should stay in the race.
“I directly expressed the full breadth of insight, heartfelt perspectives and conclusions about the path forward,” Jeffries wrote in a letter to colleagues. He did not say whether he personally thought Biden should stay in the race.
With most US voters firmly divided into ideological camps, opinion polls show the race remains close.
Democrats are worried that Biden’s low approval ratings and growing concerns that he is too old for the job could cause them to lose seats in the House and Senate, leaving them with no grip on power in Washington should Trump win the White House.
Thursday’s press conference provided fodder for Biden supporters and doubters alike.
At one point, Biden referred to his vice president, Kamala Harris, as “Vice President Trump”. Hours earlier he introduced Ukrainian President Volodymyr Zelenskiy as “President Putin” at the NATO summit, drawing gasps from those in the room.
Biden occasionally garbled his responses at the press conference but also delivered detailed assessments of global issues, including Ukraine’s war with Russia and the Israel-Hamas conflict, that served as a reminder of his decades of experience on the world stage.
Several Democratic strategists, speaking on condition of anonymity, said Biden’s performance would not significantly shift the debate within the party about his fitness.
One senior Biden campaign official called it the “worst of all worlds. Not good. But not bad enough to make him change his mind.”
Biden will try to shift the focus back to Trump at an evening rally in Detroit.
He and other Democrats have warned that a sweeping policy agenda crafted by conservative allies called Project 2025 would give Trump a blank check to pursue his whims. Trump has distanced himself from the project.
The Michigan city is also headquarters of the United Auto Workers labor union, whose leaders endorsed Biden but now are assessing their options, three sources told Reuters.
Trump will be in the national spotlight next week, when the Republican Party holds its convention in Milwaukee to award him the presidential nomination.
An NPR/PBS poll released on Friday found Biden leading Trump 50 percent to 48%, a slight increase from his position before the debate. But some nonpartisan analysts have warned that Biden is losing ground in the handful of competitive states that will determine the outcome of the election.
The Times of Israel Community.