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In a significant blow to President Joe Biden’s re-election campaign, major Democratic donors are holding $90 million in donations to the largest pro-Biden super PAC, Future Forward, hostage as long he remains on the top of the Democratic ticket, according to a report from the New York Times.
Sources familiar with the situation reported that the frozen contributions include multiple eight-figure commitments, and the article notes that the decision “is one of the most concrete examples of the fallout from Mr. Biden’s poor debate performance at the end of June.”
Future Forward declined to comment on the specifics of donor conversations or the amounts involved, but an adviser from the group mentioned that they anticipated that contributors who had paused their donations would return “once the current uncertainty about the ticket was resolved.”
Despite the drying up of donations, Biden remains defiant. “I believe I’m the best qualified to govern,” he asserted during his “big boy” press conference Thursday evening.
