Some major Democratic donors have told the largest pro-Biden super PAC, Future Forward, that pledges worth roughly $90 million are now on hold if President Biden remains atop the ticket, according to two people who have been briefed on the conversations.
The frozen contributions include multiple eight-figure commitments, according to the two people, who spoke on the condition of anonymity given the sensitivity of the situation. The decision to withhold such enormous sums of money is one of the most concrete examples of the fallout from Mr. Biden’s poor debate performance at the end of June.
Future Forward declined to comment on any conversations with donors or the amounts of any pledged money being withheld. A Future Forward adviser would say only that the group expected contributors who had paused donations to return once the current uncertainty about the ticket was resolved.
This is the best summary I could come up with:
Some major Democratic donors have told the largest pro-Biden super PAC, Future Forward, that pledges worth roughly $90 million are now on hold if President Biden remains atop the ticket, according to two people who have been briefed on the conversations.
It was not clear how much of the pledged money was earmarked for Future Forward’s super PAC versus its nonprofit arm, which has also been running advertising in key battleground states.
The super PAC has been shying away from making major strategic decisions until it gets clarity on who will be atop the ticket, according to a separate person close to the group.
The potential shortfall in super PAC cash comes as the campaign itself is bracing for a rough July fund-raising period as major donors question Mr. Biden’s viability to win in November.
Future Forward was anointed by Mr. Biden’s campaign as its leading super PAC in the early stages of the 2024 race, and it has already announced $250 million in television and digital advertising reservations set to begin at the end of the Democratic National Convention next month.
A leaked poll from a group closely linked with Future Forward after the debate showed that the super PAC had tested the strength of potential Biden alternatives, including Ms. Harris, Gov.
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