Joe Biden, President of the USA, is facing huge pressure from major Democratic donors to bow out as the party’s candidate following a ravaging debate performance. Donors including Abigail Disney, Damon Lindelof, Ari Emanuel, and Gideon Stein have publicly warned they will refuse to give funds unless Biden is returned to his place. Disney stated that she isn’t assured Biden can win against Trump and that his exit is crucial to guard against a “dire” loss.
Biden’s team is trying to shove up his candidacy with a rare primetime TV interview and a get-together again in Wisconsin. Despite admitting he “screwed up” during the dispute, Biden has promised to hold on as the party’s standard-bearer against Donald Trump in the November election. However, his advanced age and mental potential have become a concern for some donors.
The Biden campaign has given an account of a significant fundraising haul in June, totaling $127 million, but the pressure on Biden to stand down is climbing up. His performance in the impending debates will be important in determining his campaign’s applicability. Some donors are concerned about the potential disarray of a last-minute replacement, while others believe it’s necessary to ensure a Democratic triumph.
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Co-founder of Netflix, Reed Hastings, has also called for Biden to step down, stating that he needs to “pass the torch” to a more powerful leader. A Massachusetts-based industrialist, Ramesh Kapur, has also shown concerns about Biden’s ability to win, stating that “it’s time for him to pass the torch.” Despite this, some donors have committed to supporting Biden, with one mega-donor planning to go ahead with a fundraiser for the president later this month.
As debate season approaches, Biden’s campaign is at a crossroads. The chances of him resigning are increasing. The future of his candidacy will be decided next week.
By BBC news
