Sanders campaign reports raising $33M in fourth quarter, has $28M in bank against Clinton [View all]

[Ellipsis]

Source: newser



Sanders, a self-described democratic socialist, has now collected $73 million for the primaries through a powerful online fundraising apparatus that should help him compete with Clinton deep into spring. His haul will allow him to spend money at a comparable rate with Clinton, who raised $37 million since the beginning of October and $112 million during 2015 for her primary campaign.

"This people-powered campaign is revolutionizing American politics," said Jeff Weaver, Sanders' campaign manager, in a statement. "What we are showing is that we can run a strong, national campaign without a super PAC and without depending on millionaires and billionaires for their support. We are making history, and we are proud of it."

Clinton is the Democratic front-runner in national polls, but Sanders remains within striking distance against her in Iowa, which holds its caucuses on Feb. 1. Sanders is hoping to surprise Clinton in Iowa and then use his New England ties to defeat her in the New Hampshire primary on Feb. 9, where polls have shown him with a slight advantage.

The campaign finance estimates indicate that Sanders should have the resources to mount an effective challenge: His campaign said it had $28.4 million in the bank at the end of 2015.

Read more: http://www.newser.com/article/61a454427376417e984c3bfcd781a69e/sanders-campaign-reports-raising-33m-in-fourth-quarter-has-28m-in-bank-against-clinton.html