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One Silicon Valley donor canceled an intimate fundraiser due to the debate, while another told NBC that if Biden stays in the race, they will redirect their money to outside get-out-the-vote groups.
Hours after Joe Biden stepped aside in the 2024 presidential campaign and backed Kamala Harris, large and small donors began digging back into their pockets.
One donor told NBC News they were not convinced by the campaign’s reassurances, and that if Biden stays in the race, they will redirect their money to outside get-out-the-vote groups.
“The measure of a person or a party is how fast they get back up.” Harris, who stepped in as the party's presidential nominee after Biden ended his campaign in July following his disastrous debate performance, praised donors for putting their time — and checkbooks — into backing her and Democrats that they believed in.
Biden reportedly told the governors that he needed to work less, sleep more, and limit events after 8pm. A number of Democratic donors are now trying to use their wealth to urge Biden to step down.
The payments to Biden attorney Bob Bauer and the law firm Hemenway & Barnes were disclosed in regular campaign finance reports to the Federal Election Commission. Two people familiar with the matter, who spoke on the condition of anonymity to discuss the payments, confirmed the money went for work on the Biden probe.
One donor said he feared the re-election effort is out of touch with reality and may be repeating the delusions of Hillary Clinton’s 2016 campaign, leading Biden to make dangerously flawed ...
According to Smith, if Biden left the race and Harris didn’t replace him as nominee, their former campaign could only transfer $2,000 of the money that had been collected to a new candidate.