Official Democratic Party announcement, major news outlets such as The New York Times, CNN, or official government announcements

168 Business Leaders, Donors, and Allies Urge Biden to Withdraw from 2024 Race

Jul 5, 2024, 05:05 PM

A growing coalition of business leaders, wealthy Democratic donors, House Democrats, and international allies are calling on President Joe Biden to step aside from his re-election bid. The Leadership Now Project issued a statement urging Biden to pass the torch to the next generation of Democrats. The New York Times reports that many wealthy Democratic donors are undertaking initiatives to pressure Biden to step down. A coalition of 168 business leaders, including Walmart heir Christy Walton, former NFL commissioner Paul Tagliabue, and other billionaires, have signed a letter asking Biden to withdraw to preserve democracy. Internationally, allies such as Brazil's President Lula and NATO officials have expressed concerns about Biden's ability to continue effectively, especially with an upcoming NATO summit in the US. The push comes after Biden's recent debate performance, which has led to increased scrutiny and calls for new leadership.