Major Democratic Donors Freeze $90 Million in Pledges to Biden's Future Forward PAC

Jul 12, 2024, 04:25 PM

Major Democratic donors have informed the largest pro-Biden super PAC, Future Forward, that approximately $90 million in pledged donations will remain frozen if President Joe Biden continues his candidacy. The Financial Times and The New York Times report that donors are concerned about Biden's viability as a candidate and are urging him to step aside. This significant financial hold comes as Biden faces increasing pressure from within his party to reconsider his re-election bid. The NYT also reported that campaign funds are ‘drying up’.