Warren, worried campaign will run out of cash, taps $3 million loan

[left-of-center2012]

FEBRUARY 20, 2020 / 10:38 PM

U.S. Senator Elizabeth Warren raised more money than most of her Democratic presidential rivals in the weeks before the Iowa caucuses, but spent so heavily that her campaign took out a $3 million loan fearing she would run out of cash.

Warren became the first candidate in the top tier to turn to borrowing money after having spent nearly 97% of her warchest - the highest rate in the field.

Her campaign said while she took out a $3 million loan, she only accessed $400,000. Her fundraising in February has been more robust, spokesman Chris Hayden said.

At least two of the candidates are enjoying comfortable cash positions. Billionaire Michael Bloomberg is self-funding his campaign, contributing more than $460 million of his own wealth. U.S. Senator Bernie Sanders raised $25 million in January and finished the month with $17 million in cash.

https://www.reuters.com/article/us-usa-election-fundraising/democrat-warren-worried-campaign-will-run-out-of-cash-taps-3-million-loan-idUSKBN20F0LZ

[UniteFightBack]

1. I understand she didn't need to dip into that line of credit but was quickly running out of cash

before the Bloomberg lifeline...as were the rest of them.

[left-of-center2012]

2. "she didn't need to dip into that line of credit"

"she took out a $3 million loan, she only accessed $400,000"

[Fiendish Thingy]

3. Warren has pulled in $17 million in February, more than any other candidate IIRC nt

[PETRUS]

4. That's my understanding, too.

I thought I'd read her fundraising has been particularly good the last few days.