A “money storm” is sweeping through the Democratic Party as top donors pull out of former Vice President Kamala Harris’ fundraising campaign, with some even responding with profanity-laced refusals. The situation highlights the unprecedented financial crisis facing the DNC, especially when compared to the Republican Party, which currently has $86 million in cash on hand compared to the DNC’s $12 million.

Sources familiar with the situation say many donors are frustrated that Harris’ 2024 presidential campaign has not yielded results, while the DNC has not yet provided a clear plan for the upcoming midterm elections. In addition, they are frustrated that their money is being spent on high-paying outside consultants and groups, without a public investigation into the post-2024 election irregularities.

The donor pullout has forced the DNC to look for alternative sources for fundraising events, but the amount raised has been lower than expected. Many experts say this is a sign of the party’s deepening divide between progressive and mainstream candidates, along with the risk of losing trust from core donors.

Meanwhile, some donors remain optimistic, shifting their focus to state elections, such as Abigail Spanberger’s Virginia gubernatorial campaign, as a way to maintain influence and place strategic bets, as the DNC’s central power is waning.

Rachel Pritzker, president of the Third Way consultancy, said: “It’s astonishing that the party has not reassessed its operational and fundraising strategy. If it doesn’t change, the risk of losing strategic positions will increase.”

Bernie Sanders also emphasized that the DNC needs to make fundamental decisions about what it stands for, in order to restore trust from donors and strengthen its political power for the upcoming elections.

Currently, the DNC is facing a financial and confidence crisis, forcing the leadership to urgently develop a clear plan to avoid losing important donors and directly affecting the ability to win important elections.

Analysts warn that if the DNC does not act quickly, a domino effect may occur, causing the party to gradually lose power at both the federal and state levels. This moment is considered an important turning point, deciding the financial future and reputation of the party in the following years.