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Trump Had One Last Story to Sell. The Wall Street Journal Wouldn’t Buy It.

His comment was not appreciated inside The Journal.

“The editors didn’t like Trump’s insinuation that we were being teed up to do this hit job,” a Journal reporter who wasn’t directly involved in the story told me. But the reporters continued to work on the draft as the Thursday debate approached, indifferent to the White House’s frantic timeline.

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Finally, Mr. Bobulinski got tired of waiting.

“He got spooked about whether they were going to do it or not,” Mr. Bannon said.

At 7:35 Wednesday evening, Mr. Bobulinski emailed an on-the-record, 684-word statement making his case to a range of news outlets. Breitbart News published it in full. He appeared the next day in Nashville to attend the debate as Mr. Trump’s surprise guest, and less than two hours before the debate was to begin, he read a six-minute statement to the press, detailing his allegations that the former vice president had involvement in his son’s business dealings.

When Mr. Trump stepped on stage, the president acted as though the details of the emails and the allegations were common knowledge. “You’re the big man, I think. I don’t know, maybe you’re not,” he told Mr. Biden at some point, a reference to an ambiguous sentence from the documents.

As the debate ended, The Wall Street Journal published a brief item, just the stub of Mr. Areddy and Mr. Duehren’s reporting. The core of it was that Mr. Bobulinski had failed to prove the central claim. “Corporate records reviewed by The Wall Street Journal show no role for Joe Biden,” The Journal reported.

Asked about The Journal’s handling of the story, the editor in chief, Matt Murray, said the paper did not discuss its newsgathering. “Our rigorous and trusted journalism speaks for itself,” Mr. Murray said in an emailed statement.

And if you’d been watching the debate, but hadn’t been obsessively watching Fox News or reading Breitbart, you would have had no idea what Mr. Trump was talking about. The story the Trump team hoped would upend the campaign was fading fast.

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