According to a new report from Politico, 4 of the remaining Democrat 2020 candidates. Biden, Warren, Buttigieg, and Klobuchar are facing a cash crush just when they need funding the most.
Other than Bernie Sanders, who is in a much more solid position, the other 2 candidates are billionaires who are self-funding – Bloomberg and Steyer.
Sanders has surged in national polling, with Biden, Bloomberg, Warren bunched up far behind.
Joe Biden, Pete Buttigieg, Amy Klobuchar and Elizabeth Warren each started the month scraping perilously close to the bottom of their campaign bank accounts, posing an existential threat to their candidacies as the Democratic primary goes national.
They’re up against well-funded machines threatening to dominate the Democratic race: Bernie Sanders, whose recent rise in the polls has come during a major spending streak fueled by his online donors, and billionaire Mike Bloomberg, whose fortune has vaulted him into the middle of the campaign to take on President Donald Trump.
While Sanders started February with nearly $17 million in the bank, according to campaign finance disclosures filed Thursday night, his next closest rival (nonbillionaire class) was Biden, at $7.1 million. Warren was closest to the red, with just $2.3 million left in her account, while Buttigieg ($6.6 million) and Klobuchar ($2.9 million) were in between.
The cash crunch comes at a critical time in the race, with nearly one-third of the delegates available in the primary up for grabs on Super Tuesday on March 3 — and only a handful of candidates able to marshal resources to advertise to voters in those 14 states. It’s why super PACs, demonized at the beginning of the 2020 primary, are suddenly jumping in to assist most Democratic candidates, and it’s why the campaigns are now making ever more urgent pleas for financial help.
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