Democratic megadonors believe Joe Biden is close to exiting the White House race after they threatened to halt funding for his campaign and party grandees indicated they now considered his candidacy untenable.
Donors from Wall Street to Hollywood have in the past three days heaped new pressure on party grandees including Chuck Schumer, Hakeem Jeffries and Nancy Pelosi, urging them to persuade Biden to drop out.
One megadonor close to Schumer, who has spoken with people close to the Senate majority leader in recent days, said: “I think it’s going to end very shortly.”
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