Christy Walton, Michael Novogratz and Paul Tagliabue are among the 168 signatories of the letter from the Leadership Now Project, a copy of which was seen by Bloomberg. It states that "nothing short of American democracy is at stake this November" and follows an unsigned statement Wednesday that said the group of business leaders has "heard from many individuals who share our deep concerns about the present course but fear speaking out." Also, Abigail Disney, granddaughter of Walt Disney who founded the company that bears his name, will halt donations to the Democratic Party until President Joe Biden steps down from the 2024 US presidential election race, the heiress told CNBC on Thursday, according to the Reuters report.The signatories of the letter laud Biden, 81, for "rescuing our democracy from the deepest threats it has known since the Civil War." But, "to ensure that legacy is cemented, we ask that you pass the torch of leadership to the next generation of Democratic leaders by ending your reelection bid." That leaders across business, government and philanthropy are willing to attach their names to a pressure campaign for a sitting president to drop out of the 2024 race reflects the crisis engulfing the Democratic Party following Biden's debate performance last week, which was widely deemed disastrous.

From Walmart heir to Disney heiress: Top donors ask Biden to step aside

1545.31,1237.77,431.65,233.72,2020.00,3101.00

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.