Biden campaign adviser delivers frank warning to president about dwindling donations: reports

A well-connected advisor and fundraising coordinator for President Biden's campaign is reportedly warning that donations are at risk of drying up, according to reports. 

Film producer and Democratic insider Jeffrey Katzenberg reportedly spoke with Biden in a private meeting in Las Vegas, Nevada, on Wednesday. 

During the meeting, Katzenberg allegedly told the president that major donors were likely to cut funding due to concerns about the campaign's viability, according to a report from Semafor.

Following the report, Katzenberg released a statement saying the characterization was inaccurate and that the two had "talked about everything from the convention to new ads."

"And by the way, we will raise the money we need to run a winning campaign," he added.

Fox News Digital reached out to the White House for clarification on the nature of the conversation.

Internal debate over plans to re-nominate Biden as the 2024 presidential nominee is threatening to rupture the Democratic Party.

Democratic lawmakers and candidates across the country fear that Biden's plummeting support since his disastrous performance at the first presidential debate will have ramifications for down-ballot elections.

Party leaders have been considering plans to nominate Biden as soon as next week, ostensibly due to concerns that the Aug. 17 date for the Democratic National Convention comes after Ohio's ballot deadline.