Joe Biden and his campaign have just canceled a big fundraiser in Wisconsin that was scheduled for late July.

They are forced to cancel because donors are revolting and are unwilling to commit to the $1 million that was set for the event.

Here’s more from the New York Times:

Some of President Biden’s fund-raising events in the coming weeks are in jeopardy, with one potential Wisconsin event failing to materialize and a Texas event up in the air after his poor debate performance against Donald J. Trump.

The Biden campaign had discussed sending Mr. Biden to Wisconsin for a late July fund-raiser, according to three people briefed on the plans. But donors who had committed to giving large sums and attending began withdrawing soon after the debate ended.

The campaign had hoped to raise $1 million from the event, but after the debate, campaign officials reset the event’s goal to $500,000, according to one person involved in arranging it. Even that proved to be more than Wisconsin donors were willing to give to Mr. Biden. Plans for the event are now off.

It’s a big freaking deal when donors are refusing to give Biden their money because they have zero confidence in him. At some point Biden will either have to win them over or run an extremely ineffective campaign, should he stick to his guns and not drop out.

As you might expect, other scheduled fundraisers are also in jeopardy because of the revolt:

Another fund-raiser under consideration was to be paired with an official event in mid-July at the Lyndon B. Johnson presidential library in Austin, Texas, where Mr. Biden will celebrate the 60th anniversary of the Civil Rights Act, according to two people briefed on the planning.

The fund-raiser was to be hosted by Luci Baines Johnson, the former president’s daughter. But it is unclear whether the event will proceed, according to the people briefed on the planning.

John Morgan, a Florida lawyer who had discussed the possibility of hosting Mr. Biden at a fund-raiser next month or in September, said campaign officials had not confirmed details and that he had not pressed them.

“I don’t think they know the answer,” he wrote in a text message, suggesting that the brewing donor revolt had thrown the campaign’s fund-raising operation into uncharted territory.

The donors who have publicly called for Mr. Biden to step down have emboldened others to follow suit, he said, warning “it can become an avalanche.”

Campaign finance officials met on Friday at a standing meeting, where they discussed the state of the current situation, in which Mr. Biden is facing the prospect of some major donors cutting off support if he remains in the race. Officials made clear in the meeting that they were carrying on and planning to move forward, two people briefed on what took place said.

Voters are the most important people in any election. But donors play a big part in getting the message out to voters and it really signals the end of the campaign if donors won’t commit.

Biden is still trying to convince both donors and voters, including Democrats all over the country, that he’s still fit for the job. And a pre-recorded interview with George Stephanopoulos isn’t going to do it. Biden clearly has his work cut out for him and at this point it looks like the job is impossible, especially when he can’t remember this isn’t 2020.