Wealthy Democratic donors press Biden to resign

As discontent grows among wealthy Democratic donors over President Biden's re-election campaign, efforts are underway to persuade him to step down from the top of the ticket. The donors, wielding their fortunes as leverage, have initiated various measures to pressure Mr. Biden to pave the way for an alternate candidate.

The donors' initiatives, which range from coordinated to conflicting and others still in their early stages, highlight a significant and widening division between the party's contributor class and its standard-bearer. This divide, regardless of its impact on Mr. Biden's decision, could have repercussions on down-ballot races.

Unfazed President

Despite facing criticism for his weak debate performance, President Biden reiterated his determination to stay in the race on Wednesday. However, this stance has failed to appease the donors and strategists who harbor concerns about his electability in November.