Biden fundraising takes hit amid rising calls from Democrats for president to end re-election campaign

As Democratic Party calls increase for President Biden to end his 2024 re-election campaign, consultants who work with top party donors say there’s been a major slowdown in the president's fundraising.

President Biden speaks at a campaign office in Philadelphia on Sunday, July 7, 2024. (AP Photo/Manuel Balce Ceneta)

The development was first reported yesterday by NBC News, with stories soon after from a handful of other news organizations, including CNN and Politico, 

Biden campaign spokesperson Lauren Hitt, responding to the stories, said that they were "not accurate."

"On grassroots fundraising, the first seven days of July were the best start to the month on the campaign — and many of those were first-time donors. On the high-dollar side, we’ve had folks max out since the debate, as well," Hitt said in a statement.

THE DEMOCRATIC LT. GOVERNOR OF THIS BLUE STATE CALLS ON BIDEN TO END HIS PRESIDENTIAL CAMPAIGN

The president, in a call earlier this week with top donors, tried to reassure them and argued that he is still the best candidate to defeat Trump in November.

However, actor George Clooney, who is among Biden’s biggest supporters and donors in Hollywood, and who was one of the hosts of a mega-fundraiser last month in Los Angeles with Biden and former President Obama that hauled in $28 million for the president’s campaign, urged Biden to step aside on Wednesday.

President Biden speaks at a campaign rally in Madison, Wisconsin, on July 5, 2024. (Photo by SAUL LOEB/AFP via Getty Images)

Since the debate, 10 House Democrats and one in the Senate have publicly called on Biden to end his re-election bid and a growing number of both House and Senate Democrats have publicly and privately warned that the president will lose to Trump in November.

CLICK HERE TO GET THE FOX NEWS APP

Biden, in a letter sent to congressional Democrats on Monday as they returned from the July 4 holiday recess, reiterated that he's "firmly committed to staying in this race" and argued that "the question of how to move forward has been well-aired for over a week now. And it is time for it to end. We have one job. And that is to beat Donald Trump."

"Any weakening of resolve or lack of clarity about the task ahead only helps Trump and hurts us," the president added. "It is time to come together, move forward as a unified party, and defeat Donald Trump."

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub.

Get the latest updates from the 2024 campaign trail, exclusive interviews and more Fox News politics content.

Subscribed

You've successfully subscribed to this newsletter!

https://www.foxnews.com/politics/biden-fundraising-takes-hit-amid-rising-calls-from-democrats-president-end-re-election-campaign