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Major Democratic Donors Devise Plans to Pressure Biden to Step Aside [1]

['Kenneth P. Vogel', 'Theodore Schleifer', 'Lauren Hirsch']

Date: 2024-07-04

After several days of quiet griping and hoping that President Biden would abandon his re-election campaign on his own, many wealthy Democratic donors are trying to take matters into their own hands.

Wielding their fortunes as both carrot and stick, donors have undertaken a number of initiatives to pressure Mr. Biden to step down from the top of the ticket and help lay the groundwork for an alternate candidate.

The efforts — some coordinated, some conflicting and others still nascent — expose a remarkable and growing rift between the party’s contributor class and its standard-bearer that could have an impact on down-ballot races, whether or not the donors influence Mr. Biden’s decision.

The president on Wednesday reaffirmed his commitment to stay in the race amid criticism of his weak debate performance last week. But that has not placated donors or strategists who worry that he cannot win in November.

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[1] Url: https://www.nytimes.com/2024/07/04/us/politics/biden-donors.html

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