"It's already disastrous," one of the sources close to Biden's re-election said of fundraising. "The money has absolutely shut off," another source close to the re-election said. Two of the sources said this month is on a path to be down by possibly half - "or much more," one of them said - from large donors alone. Sources emphasized that the donations were down across the board.

NEW: Four sources close to Biden's reelection effort tell @NBCNews the campaign is suffering a major downshift in donations and officials are bracing for a seismic fundraising hit. "The money has absolutely shut off."w/@jonallendc @albamonica & team https://t.co/MpjlgF5I0O

" Natasha Korecki (@natashakorecki) July 10, 2024