Democratic donors are looking to replace Biden in the race

Democratic Party donors are expressing their discontent with President Joe Biden’s performance in the first debate of the 2024 presidential campaign. The New York Times reported that some of the wealthiest individuals in the United States criticized Biden’s approach, leading to discussions about potential changes to the ticket at the Democratic National Convention. Mega-donors like Ron Conway and Laurene Powell Jobs expressed concern, with some even attempting to convince Biden’s wife to persuade him not to run for reelection.

One donor who had planned a fundraising event with President Biden decided to back out due to the fallout from the debate. This crisis among donors comes as former President Donald Trump has been gaining ground in recent polls, surpassing Biden in the past two months. In an editorial, The New York Times even suggested that Biden should step aside to make way for a new Democratic challenger in the presidential race.

The uncertainty and tension surrounding Biden’s candidacy have sparked conversations and disagreements among donors and political consultants. With the 2024 election heating up, it remains to be seen how the Democratic Party will navigate these challenges and whether Biden will ultimately remain the party’s candidate.