Worrying about his bills?
– News covered by Quincy Quarry News.
Joe Biden’s looming cash crunch.
Former Vice President Joe Biden’s middling $15.2 million third-quarter fundraising haul is raising new questions about whether the former vice president’s campaign can withstand a new onslaught of Republican ad attacks while simultaneously waging a battle for the Democratic nomination.
Biden’s campaign has long framed his candidacy around the idea that he can beat Trump in a head-to-head race, particularly in the battleground states that were central to Trump’s 2016 victory over Hillary Clinton.
But Biden’s polling numbers in the Democratic primary have declined in recent months and his fundraising has also lagged — he collected $7 million less between the beginning of July and the end of September than in the previous quarter.
Further, his latest fundraising round was more than $9 million behind his closest rival in the polls — Elizabeth Warren. His total also ran well behind South Bend Indiana Mayor Pete Buttigieg and Vermont Senator Bernie Sanders.
Even worse, much of Biden’s campaign war chest came from big money donors and there are limits as to how much more he can expect them to donate. That and Biden has not developed a modest amount but many donors fundraising system comparable to the very successful ones operated by Senators Sanders and Senator Warren.
Even worse yet, however, the former vice president does not have anywhere near as many rich friends as does President Donald Trump and who raised over $125 million during the third quarter, $22 million more than he raised in the prior quarter, more than all of the top Democratic presidential contenders combined.
Source: Biden’s looming cash crunch