Proactive Investors - Biden is facing intense pressure to step aside and let someone else face Trump in the November election, not least from one of the Democrat Party’s biggest donors.
Abigail Disney, heiress to the throne of the Mouse House, told CNBC on Thursday that she’ll be withholding party donations until Biden steps aside.
“I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket,” she said.
“This is realism, not disrespect. Biden is a good man and has served his country admirably, but the stakes are far too high.
“If Biden does not step down the Democrats will lose. Of that I am absolutely certain. The consequences for the loss will be genuinely dire.”
However, whether a change of leadership is enough to secure a Democrat victory is unclear.
The news will come as music to the ears of Republicans, who see Disney as a cornerstone of the toxic 'culture wars' infecting US politics.
Disney was vocally opposed to Republican governor Ron DeSantis of Florida's signing of the Florida Parental Rights in Education Act, which was labeled the 'Don't Say Gay' bill by opponents.
The bill, which was passed in 2022, limited discussions of sexual orientation and gender identity in public schools.
Animosity between Disney and DeSantis ramped up when the latter wrested control of the Central Florida Tourism Oversight District in 2022, which Disney controlled for decades.
Disney sued DeSantis in response, claiming the takeover stemmed from Disney's opposition to the bill.