Skeptical Democratic donors tell Joe Biden they will not raise funds for him at the start of the 2020 campaign.
Several top Democratic donors have told former Vice President Joe Biden that they won't help him raise funds in the early stages of the party's 2020 presidential primary, CNBC has learned. Their reason: skepticism that Biden actually can win the Democratic primary.
The donors did tell Biden that they're willing to write the $2,700 checks for his campaign, which is the most an individual can give directly to a candidate in an election cycle, according to the people. That doesn't mean Biden, who represented Delaware in the U.S. Senate for more than three decades, won't have high-profile support. Famed short-seller Jim Chanos told CNBC he plans to support Biden if he runs for president. Prominent Democratic donor and business executive Dennis Mehiel is also looking to back Biden, according to people with direct knowledge of the matter.
Louis Susman, former U.S. ambassador to the U.K. and a lead bundler for Barack Obama's 2008 White House run, has publicly acknowledged that he will be helping O'Rourke, the three-term former congressman from Texas. Susman told CNBC he's been speaking with"family and friends" about backing him for president.
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