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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (42982)7/22/2024 9:16:52 AM
From: Les H  Read Replies (1) | Respond to of 43818
 
Biden forced out by frozen funds

Media reports citing sources said several significant Democratic donors have informed Future Forward, the biggest super PAC of supporters of the United States President Joe Biden that pledges totalling about $90 million are now on hold if the incumbent remains the presumptive Democratic presidential nominee.

According to a New York Times report, some eight-figure pledges are among the frozen funds. This comes after Biden's poor debate performance against his rival and predecessor Donald Trump.

A group donor shared that Future Forward had approached them and their friends several times since the debate, asking for money, but they had been “holding off.”

According to a New York Times report, some eight-figure pledges are among the frozen funds. This comes after Biden's poor debate performance against his rival and predecessor Donald Trump.

A group donor shared that Future Forward had approached them and their friends several times since the debate, asking for money, but they had been “holding off.”

...

The possible shortage of super PAC funds also coincides with the campaign preparing for a challenging July fundraising period, as key donors question Biden's chances of winning in November.

Future Forward, designated by Biden's campaign as its primary super PAC for the 2024 race, has already reserved $250 million in TV and digital ads starting after the Democratic National Convention (DNC) next month.

wionews.com