It seems that U.S. President Joe Biden is on the path to withdrawing from the presidential race, as informed sources have confirmed that the end of his journey in this arena is approaching. The presidential debate against Republican candidate Donald Trump in Atlanta was the final straw. After that, for three weeks, Biden attempted to hold his ground as the Democratic candidate amidst calls for him to exit the race, but things have changed, according to ABC News reports from insiders.
The sources indicated that a significant reason driving Biden to step down is the sharp decline in donations to his campaign. Fundraising, which needs to expand three months before the presidential elections, has weakened considerably, posing a barrier to achieving victory. An informed source mentioned that Biden's campaign initially believed donations would decrease in July by 50% from what was expected, but now they see they will not collect more than 25% of the expected donor funds.
"The money has dried up," said the source, while a person close to Biden stated, "We are nearing the end." ABC News reported that Democrats believe that despite expectations that the attempted assassination of Trump would divert attention from calls for Biden to step down since he is handling a national crisis, this belief quickly faded, leading to increased loyalty to Trump within his party.
These developments have shifted the president’s stance, making him more open to the idea of stepping down, according to those close to him. Sources also indicated that the president has shown to some of his aides that he will not move forward in the elections if he becomes convinced of the futility of the path he is on, despite his insistence on public appearances and efforts to suggest he will not withdraw.