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

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Two well-connected Democratic Party consultants who work closely with top party donors confirm to Fox News that there has been a major slowdown in President Biden’s fundraising over the past week.

The news comes as Biden continues to push back against a rising chorus of calls from within the Democratic Party for the president to step aside and end his 2024 re-election campaign following last month’s disastrous debate performance against former President Trump, his Republican challenger.

"People are starting to tap the brakes a bit. They want to see how it’s going to play out," one of the bundlers, who asked to remain anonymous to speak more freely, told Fox News.

The other bundler – who also asked for anonymity – concurred, emphasizing that "major donors are pausing" until "things are settled."

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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,"