Biden campaign starts 2020 with less cash on hand than top rivals

[left-of-center2012]

Former Vice President Joe Biden began 2020 with less cash on hand than his fellow top-tier Democratic presidential contenders, according to Federal Election Commission filings for the fourth quarter.

Biden ended the fourth quarter with $8.9 million cash on hand, the same amount he rounded out the third quarter with. The amount is considerably less than the cash on hand of the three other top-polling candidates.

Sen. Bernie Sanders (I-Vt.) rounded out the fourth quarter with $18.2 million cash on hand, while Sen. Elizabeth Warren (D-Mass.) ended the same period with around $13.7 million cash on hand. Former South Bend, Ind., Mayor Pete Buttigieg's campaign had $14.5 million cash on hand at the end of 2019.

However, Biden's campaign manager Greg Schultz assured supporters in a memo on Saturday that the campaign had the resources to successfully compete in the contests. "The month of January will be the campaign’s strongest month of fundraising since launch, with the vast majority of our growth coming through digital grassroots donations," Schultz wrote. "Elections ultimately are not about money, they’re about having the right message and vision for the country. But you have to have the resources to compete, which we unequivocally do."

https://thehill.com/homenews/campaign/481018-biden-starts-2020-cash-on-hand-than-other-leading-democratic-contenders

[DanTex]

1. He's also got a big SuperPAC backing him, so overall he's doing fine.

This is just the campaign itself.

[LonePirate]

2. If donor fundraising is a proxy for voter enthusiasm ...

[redqueen]

3. Exactly.

Exactly.

[Voltaire2]

4. bloomberg is ready as biden falters.