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They've got no margin for error': Biden cash crunch raises alarms [View all]
They’ve got no margin for error’: Biden cash crunch raises alarms
After the latest look at his campaign finances, some Democrats question whether he can go the distance.
https://www.politico.com/news/2019/10/16/biden-fundraising-2020-049062
Stalled in the polls and on the heels of another uninspiring debate performance, Joe Biden’s campaign was forced to respond to another troubling issue Wednesday: his lackluster fundraising.
Just months ago, Biden’s initial cash haul surprised naysayers who doubted he could compete with the money-minting machines that are Elizabeth Warren and Bernie Sanders. But now the former vice president is bleeding money.
Biden spent almost $2 million more than his presidential campaign raised in the third quarter, a predicament caused by sluggish fundraising coupled with the expenses of maintaining a big payroll and a nationwide operation — one that included luxury expenses such as swank hotel stays at the Westin and The W, and nearly $1 million for private jets.
His cash on hand sum of $8.9 million is so low that it’s almost four times lower than the $33.7 million banked by Sanders, nearly three times lower than Warren’s $25.7 million war chest and more than twice as small as Pete Buttigieg’s $23.3 million.
Democrats on Wednesday expressed grave reservations about whether Biden’s fundraising performance is an indication he cannot go the distance.
After the latest look at his campaign finances, some Democrats question whether he can go the distance.
https://www.politico.com/news/2019/10/16/biden-fundraising-2020-049062
Stalled in the polls and on the heels of another uninspiring debate performance, Joe Biden’s campaign was forced to respond to another troubling issue Wednesday: his lackluster fundraising.
Just months ago, Biden’s initial cash haul surprised naysayers who doubted he could compete with the money-minting machines that are Elizabeth Warren and Bernie Sanders. But now the former vice president is bleeding money.
Biden spent almost $2 million more than his presidential campaign raised in the third quarter, a predicament caused by sluggish fundraising coupled with the expenses of maintaining a big payroll and a nationwide operation — one that included luxury expenses such as swank hotel stays at the Westin and The W, and nearly $1 million for private jets.
His cash on hand sum of $8.9 million is so low that it’s almost four times lower than the $33.7 million banked by Sanders, nearly three times lower than Warren’s $25.7 million war chest and more than twice as small as Pete Buttigieg’s $23.3 million.
Democrats on Wednesday expressed grave reservations about whether Biden’s fundraising performance is an indication he cannot go the distance.
If I were to vote in a presidentialprimary today, I would vote for: Undecided
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