{"id":2289311,"date":"2024-07-04T21:31:00","date_gmt":"2024-07-05T01:31:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-democratic-donors-creating-political-fund-for-possible-biden-replacement-report-washington-examiner\/"},"modified":"2024-07-04T21:32:22","modified_gmt":"2024-07-05T01:32:22","slug":"top-democratic-donors-creating-political-fund-for-possible-biden-replacement-report-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-democratic-donors-creating-political-fund-for-possible-biden-replacement-report-washington-examiner\/","title":{"rendered":"Top Democratic donors creating political fund for possible Biden replacement: Report &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-democratic-donors-creating-political-fund-for-possible-biden-replacement-report-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2289311&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Summary:<\/p>\n<p>A \u2062group of \u200ctop Democratic donors and strategists are creating a\u200c new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/viral-video-black-womans-fiery-denunciation-of-critical-race-theory-before-school-board\/\" title=\"VIRAL VIDEO: Black Woman\u2019s Fiery Denunciation Of Critical Race Theory Before School Board\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marriott-att-airbnbheres-the-list-of-corporations-announcing-they-wont-donate-to-gop-lawmakers-who-objected-to-electoral-votes-from-contested-states\/\" title=\"Marriott, AT&amp;T, Airbnb\u2026Here\u2019s The List Of Corporations Announcing They Won\u2019t Donate To GOP Lawmakers Who Objected To Electoral Votes From Contested States\">political action committee<\/a> called<\/a> the\u200c Next Generation PAC to raise up to\u200c $100 million in support of an alternative candidate should President Joe Biden withdraw from the presidential race. Spearheaded by cryptocurrency investor \u200bMike Novogratz,\u2064 the\u200b PAC aims to fund a replacement candidate if \u2064Biden steps down, with Vice \u200cPresident Kamala Harris being a \u200dpotential\u2063 beneficiary. Concerns about Biden&#8217;s ability to campaign against Donald Trump \u2063and serve another term have\u200d prompted \u2063major donors to consider supporting \u200bdown-ballot races instead. Some donors have even threatened to withhold funds from the Democratic Party unless\u200d Biden steps\u200b down, although Biden\u2063 himself has stated \u2064that he will not \u200cbe dropping out, attributing \u200chis\u200b debate performance issues to a busy travel schedule\u2064 and\u200c intense  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\">\n<div class=\"tdb-search-form-inner\"><input class=\"tdb-head-search-form-input\" placeholder=\" \" type=\"text\" value name=\"s\" autocomplete=\"off\"><button class=\"wpb_button wpb_btn-inverse btn tdb-head-search-form-btn\" title=\"Search\" type=\"submit\"><span>Search<\/span><\/button><\/div>\n<\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Top Democratic donors creating political fund for possible Biden replacement: Report<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-author-name-wrap\"><span class=\"tdb-author-by\">By<\/span> <a class=\"tdb-author-name\" href=\"https:\/\/www.washingtonexaminer.com\/author\/cami-mondeaux\/\">Cami Mondeaux<\/a><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><time class=\"entry-date updated td-module-date\" datetime=\"2024-07-04T20:45:49-04:00\">July 4, 2024 8:45 pm<\/time><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1693677\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>A group of top Democratic donors and strategists is pooling resources into a new political action committee to help fund an alternative candidate to <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3070630\/biden-get-more-sleep-work-fewer-hours\/\" target=\"_blank\" rel=\"noopener\" title>President Joe Biden<\/a> should he withdraw from the presidential race, <a href=\"https:\/\/www.nytimes.com\/2024\/07\/04\/us\/politics\/biden-donors.html\" target=\"_blank\" rel=\"noopener\" title>according to a new report<\/a> from the <em>New York Times.<\/em><\/p>\n<p>The fund, coined the Next Generation PAC, is aiming to raise as much as $100 million to help support a candidate who replaces <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3069191\/house-democrats-run-halting-trumps-presidency-biden-implosion\/\" target=\"_blank\" rel=\"noopener\" title>Biden at the top of the ticket<\/a>, according to the outlet. If Biden doesn\u2019t drop out of the race, the money would then be used to fund down-ballot candidates.<\/p>\n<p>The Next Generation PAC is being spearheaded by Mike Novogratz, a cryptocurrency investor who previously backed Rep. Dean Phillips (D-MN) in the Democratic primary, the outlet reported. The group has not yet filed federal paperwork, but PAC officials have reportedly told donors it hopes to raise between $50 million and $100 million.<\/p>\n<p>People connected to the Biden campaign have heard of the possible stealth project and have attempted to convince those involved not to join, according to the outlet.<\/p>\n<p>If the PAC manages to raise large sums, it could benefit Vice President Kamala Harris if she replaces Biden as the nominee, especially as some major donors have remained skeptical about her at the top of the ticket.<\/p>\n<p>The Next Generation PAC comes as some donors begin to question Biden\u2019s strength to campaign against former President Donald Trump let alone the ability to carry out another four years in office. Those concerns were exacerbated after last week\u2019s debate, during which Biden had <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-he-needs-to-get-more-sleep-and-work-fewer-hours-report-washington-examiner\/\" title=\"Biden says he needs to get more sleep and work fewer hours: Report - Washington Examiner\">multiple verbal slip-ups<\/a> and repeatedly lost his train of thought.<\/p>\n<p>His performance has prompted some major donors to consider pouring their resources into down-ballot races rather than the White House, according to reports. Others have even gone so far as to threaten to withhold funds from the Democratic Party altogether unless Biden steps down.<\/p>\n<p>Gideon Stein, a donor with deep connections to the Democratic Party, said his family would withhold roughly $3.5 million in planned donations to nonprofit and political organizations involved in the presidential race unless Biden withdrew, according to the <em>New York Times. <\/em>Abigail Disney, the heiress of the Disney family fortune, also said Biden\u2019s campaign and committees supporting the president \u201cwill not receive another dime from me until they bite the bullet and replace Biden at the top of the ticket,\u201d the outlet reported.<\/p>\n<p>\u201cBiden is a good man who has served his country well, but the stakes are far too high to allow timidity to determine our course of action,\u201d she wrote in a statement.<\/p>\n<p>However, Biden has insisted he will not be dropping out, arguing his worse-than-expected performance was due to his busy travel schedule and intense preparation for the debate. The White House has also denied reports that the president is having conversations about whether to withdraw from the race.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>Rep. Lloyd Doggett (D-TX) became the first sitting House Democrat to call on Biden to withdraw from the 2024 presidential race on Tuesday and was quickly followed by Reps. Ra\u00fal Grijalva (D-AZ) and Seth Moulton (D-MA). Former Rep. Tim Ryan also came out on Tuesday to call on Harris to step up as the party\u2019s 2024 nominee, calling Biden\u2019s debate performance \u201cdeeply troubling\u201d and evidence that the party must move forward.<\/p>\n<p>The White House has remained confident in Biden\u2019s abilities to serve a second term, brushing off suggestions that the president should step down or withdraw from the race. In a campaign speech after the debate, Biden acknowledged that although he is no longer a \u201cyoung man,\u201d he can hold a second term.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1693677\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1693677\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-logo-a\" href=\"https:\/\/www.washingtonexaminer.com\/\" title=\"Washington Examiner\"><span class=\"tdb-logo-img-wrap\"><\/span><span class=\"tdb-logo-text-wrap\"><span class=\"tdb-logo-text-title\">Washington Examiner<\/span><\/span><\/a><\/div>\n<p><\/body><\/html><\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top Democratic donors and strategists are coming together to form a new political action committee called the Next Generation PAC. This PAC aims to raise up to $100 million to support an alternative candidate to President Joe Biden in case he decides to withdraw from the presidential race. If Biden remains in the race, the funds will be used to support down-ballot candidates. The Next Generation PAC is being led by Mike Novogratz, a cryptocurrency investor, and has not yet filed federal paperwork. Some major donors have expressed concerns about Biden&#8217;s ability to campaign against former President Donald Trump and have even threatened to withhold funds from the Democratic Party unless Biden steps down. Despite calls from some House Democrats for Biden to withdraw, the White House has denied reports that the president is considering dropping out of the race. Biden has insisted that he will not be withdrawing and believes he is capable of serving a second term<\/p>\n","protected":false},"author":2640,"featured_media":2289312,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/biden-donations-scaled-1024x683.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[33293,33967,33966,32076],"class_list":["post-2289311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden-replacement","tag-political-fund","tag-top-democratic-donors","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/biden-donations-scaled-1024x683.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2640"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2289311"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2289311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2289312"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2289311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2289311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2289311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}