Bloomberg, Steyer spend combined $340 million in fourth quarter

[left-of-center2012]

Former New York City Mayor Michael Bloomberg and businessman Tom Steyer spent a combined $340 million in the last quarter of 2019, far outpacing the amount spent by their rivals in the Democratic presidential race.

The two billionaire candidates competing in the crowded Democratic primary also gave their campaigns a combined $355 million in the same period, according to Federal Election Commission data released on Friday.

The figures show that Bloomberg and Steyer each spent more in the final three months of 2019 than four of the top Democratic contenders combined.

Sen. Bernie Sanders (I-Vt.) spent a little over $50 million in the fourth quarter, while former South Bend, Ind. Mayor Pete Buttigieg spent $34 million and Sen. Elizabeth Warren (D-Mass.) spent $33.7 million. Former Vice President Joe Biden spent over $23.3 million during the period.

The spending totals appear to have benefitted Bloomberg and Steyer in recent polls, with Bloomberg especially seeing a bounce in national surveys. A Morning Consult survey released on Tuesday showed Bloomberg, who entered the race in November, hitting 12 percent support, putting him ahead of Buttigieg and Sen. Amy Klobuchar (D-Minn.).

https://thehill.com/homenews/campaign/481013-bloomberg-steyer-spend-combined-340-million-in-fourth-quarter

[GemDigger]

1. Good for them but that doesn't impress me much, if at all.