Biden losing Democrat megadonors who want him to step aside

President Joe Biden is losing Democrat megadonors who want him to step aside as the fallout from his performance in the first presidential debate against former President Trump rages on.

Abigail Disney, the granddaughter of Walt Disney Company cofounder Roy Disney, is among the donors who are holding off on contributions to the Democrats while Biden remains in the race. She confirmed reports of her decision not to donate on Thursday.

Moriah Fund President Gideon Stein said he is halting $3.5 million in contributions that intended to give to nonprofits and political groups tied to Democrats during the election cycle.

“Joe Biden has been a very effective president, but unless he steps aside my family and I are pausing on more than $3 million in planned donations to nonprofits and political organizations aligned with the presidential race, with the exception of some down ballot work,” Stein said. “Virtually every major donor I’ve talked to believes that we need a new candidate in order to defeat Donald Trump.”

Karla Jurvetson, a philanthropist and major Democratic donor, also reportedly intends to withhold donations as long as Biden stays in the presidential race.

Netflix co-founder Reed Hastings argued that Biden "needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous."