‘Occupy’ Movement Freezes Spending as Donations Slow

After quickly raising hundreds of thousands of dollars during its autumn protest in New York’s Zuccotti Park, Occupy Wall Street is running out of cash as donations slow to a trickle, writes The Wall Street Journal.

The Occupy organization, which took in $700,000 last fall, now has about $170,000. It’s main governing body, the General Assembly, voted Saturday to freeze spending on all but basic needs, such as food, clothing, and housing at several churches where demonstrations continue.

Fund raising and media attention have dried up since Occupy Wall Street was evicted from the Lower Manhattan park two months ago. The money squeeze has opened a debate within Occupy over whether the anti-corporate movement should solicit donations along traditional nonprofit lines or return to its early reliance on what one protester called “human and social capital.”