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      Major Democratic Donors Devise Plans to Pressure Biden to Step Aside

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      The president appears intent on remaining on the ballot, while wealthy donors are discussing plans to put their money elsewhere.After several days of quiet griping and hoping that President Biden would abandon his re-election campaign on his own, many wealthy Democratic donors are trying to take matters into their own hands.Wielding their fortunes as both carrot and stick, donors have undertaken a number of initiatives to pressure Mr. Biden to step down from the top of the ticket and help lay the groundwork for an alternate candidate.The efforts — some coordinated, some conflicting and others still nascent — expose a remarkable and growing rift between the party’s contributor class and its standard-bearer that could have an impact on down-ballot races, whether or not the donors influence Mr. Biden’s decision.The president on Wednesday reaffirmed his commitment to stay in the race amid criticism of his weak debate performance last week. But that has not placated donors or strategists who worry that he cannot win in November.A group of them is working to raise as much as $100 million for a sort of escrow fund, called the Next Generation PAC, that would be used to support a replacement candidate. If Mr. Biden does not step aside, the money could be used to help down-ballot candidates, according to people close to the effort.Supporters of potential replacements like Vice President Kamala Harris are jockeying to position their preferred successor. Other donors are threatening to withhold contributions not only from Mr. Biden but also from other Democratic groups unless Mr. Biden bows out.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Erodes Biden’s Lead in 2024 Election Fundraising After Conviction

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      Just two months ago, President Biden appeared to have a daunting financial advantage. Then Donald Trump was convicted of 34 felonies, and Republicans’ wallets opened.Former President Donald J. Trump out-raised President Biden for the second consecutive month in May, outpacing his successor by roughly $81 million in donations over the last two months as he rode a surge of financial support after his felony conviction.In May, Mr. Biden’s campaign and its joint operation with the Democratic National Committee raised $85 million, compared with $141 million for Mr. Trump and the Republican National Committee, according to the two campaigns. In April, the Trump team also brought in $25 million more than the Biden team.The Biden campaign said it entered June with $212 million on hand combined with the party. The Trump operation and R.N.C. have not released a full tally of their cash on hand since the end of March. A partial count on Thursday, revealed in Federal Election Commission filings, showed that Mr. Trump had amassed a war chest of at least $170 million with the party.Overall, Mr. Trump was a daunting $100 million behind Mr. Biden at the start of April. In two months, he cut that cash deficit by at least half.The full accounting of both sides’ finances will be made public in federal filings next month. But the combination of Mr. Trump’s improved fund-raising and Mr. Biden’s heavier spending on advertising this spring appears to put the two sides on a path to enter the summer relatively close to financial parity.“Yes, Trump is raising a lot more money now, and that should scare people,” said Brian Derrick, a strategist who founded a Democratic fund-raising platform called Oath. “But at the end of the day, Biden has the funds that he needs to run a really strong campaign.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Bloomberg Backs Biden With $20 Million Donation

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      Michael R. Bloomberg, who is the former mayor of New York City and a Democratic megadonor, has donated nearly $20 million to support President Biden’s re-election campaign, a Bloomberg representative said.Mr. Bloomberg gave $19 million to Future Forward, the main Democratic super PAC supporting Mr. Biden, and $929,600 to the Biden Victory Fund, a joint fund-raising committee between Mr. Biden and the Democratic National Committee, said Howard Wolfson, the Education program lead at Bloomberg Philanthropies.Mr. Bloomberg’s donation was first reported by The Washington Post.“I stood with Joe Biden in 2020, and I am proud to do so again,” Mr. Bloomberg said in a statement.Mr. Bloomberg, who spent $1 billion of his own money on his failed presidential campaign in 2020, ultimately backed Mr. Biden in the Democratic primary that year and was a significant financial supporter of his campaign. He spent tens of millions of dollars through his political action committee on television ads supporting Mr. Biden and vowed to spend heavily in Florida, which then-President Donald J. Trump ultimately won by about three percentage points.Mr. Bloomberg’s $19 million donation to Future Forward is significant, but pales in comparison to the super PAC’s spending ambitions for the election. The group has reserved a $250 million ad campaign in seven battleground states, starting in August and running through Election Day. More

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      Timothy Mellon Donates $50 Million to a Pro-Trump Super PAC

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      Timothy Mellon, a reclusive heir to a Gilded Age fortune, donated $50 million to a super PAC supporting Donald J. Trump the day after the former president was convicted of 34 felonies, according to new federal filings, an enormous gift that is among the largest single disclosed contributions ever.The donation’s impact on the 2024 race is expected to be felt almost immediately. Within days of the contribution, the pro-Trump super PAC, Make America Great Again Inc., said in a memo that it would begin reserving $100 million in advertising through Labor Day.The group had only $34.5 million on hand at the end of April, and Mr. Mellon’s contribution accounted for much of the nearly $70 million that the super PAC raised in May. On Wednesday and Thursday, the super PAC began reserving $30 million in ads to air in Georgia and Pennsylvania around the Fourth of July holiday.Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Robert F. Kennedy Jr. Raises Just $2.6 Million

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      Robert F. Kennedy Jr.’s campaign has depended heavily on contributions from Nicole Shanahan, his vice-presidential pick, who did not make major new donations in May.Robert F. Kennedy Jr.’s presidential campaign raised just $2.6 million in May, a paltry sum that speaks to how reliant his bid has become on his running mate, the wealthy Silicon Valley lawyer Nicole Shanahan.The Kennedy campaign raised less in May than it had in any previous month in 2024, according to filings on Wednesday with the Federal Election Commission. That was in large part because Ms. Shanahan, who has poured millions into their independent presidential campaign, barely contributed any additional money in May.The total raised by Mr. Kennedy was essentially the same as what he raised in April, not counting Ms. Shanahan: He brought in $10.7 million that month, but $8 million came from her. Earlier, when he announced her as his running mate in March, she almost immediately threw $2 million behind the campaign.Mr. Kennedy ended May with $6.4 million on hand. And yet that figure is only somewhat revealing about his financial position because of the looming possibility that Ms. Shanahan, at a moment’s notice, could inject more money into their bid. She has been able to do so directly because while campaign finance laws bar people from donating more than $3,300 to a campaign, candidates themselves can give unlimited sums of their own money.And Ms. Shanahan, a philanthropist who was once married to the Google co-founder Sergey Brin, is said to have access to over $1 billion. She has not signaled if there is a limit to how much she might spend.Mr. Kennedy and his allies have some unique costs associated with their campaign — primarily ballot-access work that can be expensive.His campaign spent about $6.3 million in May, but almost half of that was routed through a limited liability company that focuses on ballot access. The money laid out was labeled “campaign consulting,” making his precise expenditures somewhat opaque. More

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      El sitio web de donantes de la campaña de Trump colapsa tras el veredicto

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      Donald Trump comenzó a solicitar donaciones por su condena por delito grave casi inmediatamente después del veredicto.[Estamos en WhatsApp. Empieza a seguirnos ahora]WinRed, el procesador de pagos para las donaciones de la campaña republicana, se cayó tras la condena por delito grave del expresidente Donald Trump, un problema técnico que su campaña atribuyó al número de personas que intentaban donar inmediatamente después del veredicto.“Tantos estadounidenses se animaron a donar a la campaña del presidente Trump que las páginas de WinRed se cayeron”, dijo la campaña de Trump en un comunicado en las redes sociales.El sitio web ya no muestra un mensaje de error al visitar la página de donaciones para la campaña de Trump, aunque no está claro si el sitio web funciona correctamente y procesa las donaciones. La campaña de Trump no respondió inmediatamente a una solicitud de comentarios.Trump comenzó a solicitar donaciones por su condena por delito grave, casi inmediatamente después de que se leyera el veredicto en el tribunal de Manhattan. En declaraciones en su sitio web de redes sociales, Truth Social, Trump publicó enlaces al sitio web de la campaña, que redirigía a la página WinRed, que no funcionaba correctamente.Esa página de donaciones muestra una gran imagen de la ficha policial de Trump, que fue tomada en Atlanta después de que Trump se entregara en la prisión del condado de Fulton por su caso penal de Georgia, con la leyenda “Nunca te rindas”. La página también describe a Trump como un “preso político” e hizo un llamado a “DIEZ MILLONES de patriotas pro-Trump” para que donaran antes de que acabara el día.Chris Cameron cubre política para el Times, centrándose en noticias de última hora y en la campaña de 2024. Más de Chris Cameron More

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      Democrats’ Split Over Israel Takes Center Stage in Tense Primary Debate

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      A rancorous clash between Representative Jamaal Bowman and his Democratic opponent, George Latimer, exposed sharp divisions in their party.Democrats’ smoldering divisions over the war in Gaza flared in New York on Monday, as Representative Jamaal Bowman, one of the House’s most endangered incumbents, debated a party rival over Israel’s war tactics, American military aid and a powerful pro-Israel group.In many ways, their exchanges echoed those playing out from Congress to college campuses. But for Mr. Bowman, there was something more at stake: His sharp criticism of Israel has put him at risk of losing his seat in a primary in the New York City suburbs next month.That possibility appeared to be front of mind as he began the race’s first televised debate in White Plains, N.Y. Mr. Bowman joined his more moderate opponent, George Latimer, in reiterating support for two states — one Palestinian and one Jewish — and condemning antisemitism. He steered clear of incendiary terms like “genocide” that have cost him key Jewish support. Both candidates let some deeper differences slide.The comity lasted all of 25 minutes.Friction spiked — and never really abated — after the conversation turned to the American Israel Public Affairs Committee, the influential pro-Israel lobby that helped push Mr. Latimer into the race and has pledged millions of dollars to defeat Mr. Bowman and other members of the House’s left-wing “Squad.”Sensing a rare opportunity to go on the attack, the congressman accused Mr. Latimer, the Westchester County executive, of being “bought and paid for” by the group and its deep-pocketed funders, who Mr. Bowman said also support “right-wing Republicans who want to destroy our democracy.”Mr. Latimer did not take the gibe kindly. The group, as he quickly pointed out, has deep ties to Democratic leadership, but its brook-no-criticism approach to Israel’s deadly counteroffensive in Gaza has alienated large numbers of Democratic lawmakers and voters.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Candidates for Federal Office Can Raise Unlimited Funds for Ballot Measures

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      The Federal Election Commission quietly issued an advisory opinion last week allowing candidates to raise unlimited money for issue-advocacy groups working on ballot measures in elections in which those candidates are on the ballot.The opinion, issued in response to a request from a Nevada-based abortion rights group, could significantly alter the landscape in the fall in terms of the capacity that candidates aligned with these groups have to help them raise money.The decision applies to all federal candidates, but with a presidential election taking place in six months, the biggest attention will fall to that race. If Mr. Biden can solicit money for abortion-rights ballot measures, he can add to an already-existing fund-raising advantage that his team currently has over Mr. Trump.The decision, released publicly last week but little noticed, could affect turnout in battleground states like Nevada where razor-thin margins will determine the election. In Arizona, an abortion rights group said it had the number of signatures required to put a referendum on the ballot. Florida — a state that has voted reliably for Republicans in recent presidential races — has a similar measure on the ballot.The advisory opinion means that both Mr. Biden and former President Donald J. Trump can raise money for outside groups pushing ballot measures. In the wake of the repeal of Roe v. Wade, the landmark 1973 U.S. Supreme Court decision, abortion ballot measures are expected to be a key focus for Democrats this fall.“I think it’s quite significant,” said Adav Noti, of the nonpartisan Campaign Legal Center, calling it an enormous change from prohibitions put in place by the landmark McCain-Feingold campaign finance bill in 2002.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More