How Iowa Could Decide Joe Biden's Fund-Raising Future [View all]

[brooklynite]

New York Times

DES MOINES — Joseph R. Biden Jr.’s campaign has quietly rolled back hundreds of thousands of dollars of television ad reservations in New Hampshire and South Carolina in recent weeks and redirected the funds to buy more ads in Iowa instead.

Mr. Biden’s campaign and a super PAC supporting him are on pace to churn through nearly $9 million on television ads in Iowa ahead of the caucuses on Monday, while spending virtually nothing so far in the other three states that vote in February. Mr. Biden has also planted himself in the state this week, seizing on the Senate impeachment trial and President Trump’s rally in Des Moines on Thursday night to try to convince voters that Republicans are scared to run against him.

The movement of money and energy into Iowa is a sign of not only the opportunity that Mr. Biden’s campaign now sees here — he sits in second or first place in most polls — but also the acute risk for him, according to interviews with Democratic strategists, Biden fund-raisers and allies.

In Iowa, Mr. Biden is not just chasing votes and delegates. He’s chasing cash.

High reward; high risk...