Sources close to Biden's re-election efforts say fundraising is set to drop possibly by half this month. A campaign spokesperson pushed back, saying "grassroots" dollars were strong.
President Joe Biden’s campaign has already suffered a major slowdown in donations and officials are bracing for a seismic fundraising hit, with the fallout from a debate nearly two weeks ago taking a sizable toll on operations, according to four sources close to the re-election effort.
Hitt did not share how many donors have hit the maximum level of giving allowed under federal law since the debate.
One of the people close to the re-election efforts said earlier this week that the campaign believed major donors who have threatened to jump ship after the debate would come around — if only to avoid helping Trump by sitting out this race.
But several people close to the re-election effort on Wednesday were already doubting that, saying they could see evidence of an intensity in concern around Biden’s ability to win in November growing.
A donor who did max out this month to Biden, Amy Goldman Fowler, explained her reasoning in a statement.
Yesterday I reiterated my support by making an additional significant contribution to President Biden’s election fund."
The original article contains 723 words, the summary contains 177 words. Saved 76%. I’m a bot and I’m open source!
This is the best summary I could come up with:
President Joe Biden’s campaign has already suffered a major slowdown in donations and officials are bracing for a seismic fundraising hit, with the fallout from a debate nearly two weeks ago taking a sizable toll on operations, according to four sources close to the re-election effort.
Hitt did not share how many donors have hit the maximum level of giving allowed under federal law since the debate.
One of the people close to the re-election efforts said earlier this week that the campaign believed major donors who have threatened to jump ship after the debate would come around — if only to avoid helping Trump by sitting out this race.
But several people close to the re-election effort on Wednesday were already doubting that, saying they could see evidence of an intensity in concern around Biden’s ability to win in November growing.
A donor who did max out this month to Biden, Amy Goldman Fowler, explained her reasoning in a statement.
Yesterday I reiterated my support by making an additional significant contribution to President Biden’s election fund."
The original article contains 723 words, the summary contains 177 words. Saved 76%. I’m a bot and I’m open source!