Biden Faces Fundraiser Freeze: $90 Million on Hold Over Debate Debacle

In the wake of President Joe Biden's poor debate performance, key fundraisers have halted USD 90 million in contributions. Democratic donors have communicated their decision to Future Forward, a major pro-Biden Super PAC. This move highlights growing party concerns and may pressure Biden to reconsider his re-election bid.

In a significant setback for President Joe Biden's re-election campaign, fundraisers have paused USD 90 million in contributions following his recent debate performance. According to The New York Times, Democratic donors informed Future Forward, Biden's largest supporting Super PAC, of their decision.

The suspension includes multiple eight-figure commitments, signaling serious repercussions from Biden's lackluster debate against Donald Trump in late June. Sources speaking anonymously revealed the sensitive nature of the financial hold.

This decision marks one of the most tangible examples of declining support for Biden, with 18 Democratic lawmakers urging him to step down. Despite this, Biden maintains his confidence in defeating Trump in the upcoming November elections.

(With inputs from agencies.)