PANews reported on July 12 that according to a report by Cankao Xiaoxi citing the website of the National Broadcasting Corporation of the United States, sources said that US President Biden's campaign has faced a reduction in donations and the situation is extremely dangerous. The report said that one of the sources said: "The situation is catastrophic." Another source said: "The source of funds has been cut off." Two other sources said that this month, Biden's campaign fundraising from major donors may be reduced by half or even more. A source said: "Donors are very negative. They had a call with the president. This call seemed unnatural to people. I don't think they believe him."

According to reports, the US media unanimously agreed that Biden performed poorly in his first debate with Republican Trump in Atlanta on the evening of June 28. Now, politicians and journalists are saying that the Democrats may refuse to nominate Biden and replace him with other candidates. In theory, the party will have such an opportunity at the August convention, but in reality, it will be difficult for Biden, who won the primary election, to withdraw from the race unless Biden himself gives up. At the same time, the current president's campaign team said that Biden will not give up and withdraw from the race. There are reports that he may get the presidential candidate nomination as early as July 21, without having to wait until the Democratic convention in August, thus ending the debate over whether he should run.

The second debate between Biden and Trump is scheduled for September 10. The US presidential election will be held on November 5.