Speed Reads

bye bye money

Billionaire conservative donor Rebekah Mercer is cutting off Stephen Bannon

In just two days, Stephen Bannon has managed to turn two billionaires against him, including one of his biggest allies.

President Trump made it clear yesterday he's not happy with comments his former chief strategist made about him and his family in the soon-to-be released book Fire and Fury: Inside the Trump White House, and on Thursday, conservative donor Rebekah Mercer, once Bannon's biggest backer, made a rare public statement disavowing his remarks. "I support President Trump and the platform upon which he was elected," she said. "My family and I have not communicated with Steve Bannon in many months and have provided no financial support to his political agenda, nor do we support his recent actions and statements."

While she's done with Bannon, Mercer said she remains committed to supporting Breitbart News, The Washington Post reports. Bannon is chairman of the conservative website, and Mercer holds a minority stake in the company.