Organizers for a Chicago fundraiser planned during the Democratic National Convention have decided not to proceed with the event. The decision came after a pause in planning discussions following President Joe Biden's debate performance, with concerns over the erosion of support for his candidacy.
The lunch event, aimed at a select group of wealthy individuals in Chicago, was expected to raise less than $1 million for the campaign. However, the disagreement among the host committee members on how to move forward in light of the situation led to the event's cancellation.
This development serves as a cautionary signal within certain segments of the donor class, with donors in other parts of the country also delaying their fundraising events until there is more clarity on Biden's political trajectory.
Despite these setbacks, Biden's team is planning fundraisers in various locations, including Austin, Denver, Laguna Beach, and Northern California in July. However, a Florida fundraiser scheduled for early September is currently uncertain, with the event's status remaining unclear.
One of Biden's longtime supporters, John Morgan, expressed his continued commitment to backing the candidate but acknowledged the challenges faced by the campaign. He emphasized the importance of unity within the donor community and cautioned against hasty decisions to withdraw support.
As the campaign navigates through these fundraising uncertainties, the broader implications of donor sentiment and financial backing remain pivotal factors in shaping the trajectory of Biden's candidacy moving forward.
